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EN
There are many authors writing on Catholic social teaching. Some support free market interpretation of writings of St. John Paul II, some tend to stress its pro-social elements. The purpose of our paper is to analyse three social encyclicals of polish Pope and compare his opinion about labour and wages under capitalist regime with the most consequent proponents of free market capitalism — the Austrian school economists. Careful reading of St. John Paul II’s writings shows his very critical attitude to capitalism, especially in its beginnings. Yet his criticism is not equipped with elaborated economic theory and is just a group of ideas, based mostly on ethical refl ections. The most famous of those is the notion of the family wage. The notion, that if imposed by legislation, would bring many effects unwanted and unrealised by the Pope. The economic analysis of the family wage concept shows that it can be more harmful than benefi cial to the society. Furthermore, Pope’s acceptance for social security places his views surprisingly close to current welfare state. General view of three social encyclicals of St. John Paul II prove his less pro-capitalistic attitude than many scholars think.
EN
In this paper we examine the implications of international fragmentation of production on wages in the light of recent methodological developments in offshoring measurement. In particular, we compare the results stemming from two ways of quantifying offshoring – the traditional one based on import statistics and the one obtained from the decomposition of gross exports and input-output information. In the empirical part of our study, we estimate the extended version of wage equation, rooted in the Ricardian model of skills, tasks and technologies where skill specific wages are explained by industry-specific measures of capital, skill supply and offshoring indices. The analysis is performed for a large panel (40 countries, 1995 – 2011 and 13 manufacturing industries). The results of the FE setting indicate that regardless the way offshoring is measured it is negatively associated with wages. However, when the endogeneity is accounted for, this negative association is sustained only for the export-based measures.
EN
In this study, we analyze the relationship between educational attainment and hourly earnings. With large survey data on young adults, our results suggest that there is a significant relationship between earnings and years of schooling, age, sectors of occupation, job tenure, years of experience and gender. Furthermore, having a high school diploma, two- or four-year college degree, master’s or doctorate degree leads to changes in earnings. However, these changes are negative. These negative results may occur because employers value work experience much more than a diploma.
EN
At a time when there is still the effects of the global economic crisis, many companies on the brink of bankruptcy. Many businesses deferred fulfillment of its obligations, paying bills and working on the debt. The emergence of insolvency raises additional cost (penalty payment to suppliers, increased interest on loans outstanding in the period and others), reducing corporate income, resulting from increased costs associated with overcoming the subsequent insolvency (obtaining additional financial resources), or. forced liquidation of the company. It also finds many businesses and entrepreneurs, who does not remit contributions for its employees do not pay them their wages and other demands. Progressive business indebtedness may result in failure of the company. Every employer must pay, however, guarantee insurance in the event of insolvency. Therefore, the employee is protected from the condition that the employer failed to pay him for his work when it becomes insolvent, so when it comes to disposing of the company. This includes not only employees working in Slovakia, but also in all European Union Member States. They are obliged to comply with the directives issued by the European Union to regulate all matters relating to employer insolvency.
EN
The aim of this article is to identify the determinants that have the greatest influence on wages in Poland between 1995 and 2014. The analysis was made using the Gretl program, which allows the verification of econometric models, in this case the model of the determinants of wages. 20-year period of the analysis will indicate trends, taking into account important occurrence of labor market development, i.e. decrease/increase of an unemployment rate, employment and labor productivity. The analysis has shown that the labor productivity had a significant impact on the average level of wages in Poland during this period, while the unemployment rate had no effect on wages. Data analysis was preceded by theoretical aspects concerning the labor market and issues related to wages.
EN
The public sector is commonly thought to offer relatively low wages, but neither statistics nor research for different countries justifies this belief. In general, the observed regularity is that the average wage in the public sector exceeds the average wage in the private one. The difference is sometimes quite substantial. The comparison of raw average wages suggesting higher wages for public sector would however be misleading. To a large extent, this premium can be attributed to the differences in the structure of employment in both sectors. The public sector employment is biased towards higher level of education and longer job tenures, which on the grounds of human capital theory explains the observed higher average wages in the public sector. The aim of this article is to find to what extent the observed difference in wages is a result of differentiated structure of employment. We use LFS data for Poland and a Mincerean wage regression with Heckman correction supplemented by a quantile regression to show that, after controlling for structural differences in employment, the public sector wage premium in Poland is negative.
EN
Education and the organisation thereof is the most important factor influencing the competitiveness of an economy, the wealth of a society and quality of life, as is evidenced by those developed countries with higher numbers of educated people. One of the key factors in determining the quality of an education system is the remuneration of the individuals working in it. A sectoral analysis was therefore conducted on the basis of research into the systems of remuneration in the education sectors of three countries, namely the Czech Republic, Belgium and Germany. The purpose was to compare the results and indicate a space for further research.
EN
IUS is the multi-indicator analysis of the results of innovative development of countries. This makes it possible to compare countries according to the degree of their innovativeness. The human factor is the main intensive productive factor of economic development, the driving force of modern market production and its competitiveness, the tools of intellectual and managerial work. Personnel potential is becoming an essential element of the introduction of advanced knowledge in the production process. The quantitative characteristics of the effectiveness of the use of human capital in industry are the number of personnel, the use of working time, productivity and wages and a number of other indicators.
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