IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpep/v2015y2015i3id521p307-331.html
   My bibliography  Save this article

Financial Position of Czech Employees at the Beginning of the 3rd Millennium according to Educational Attainment

Author

Listed:
  • Diana Bílková

Abstract

The present paper deals with the development of wage distribution by educational attainment in the Czech Republic in the years 2003-2012, analysing fifty wage distributions as the object of research and the gross monthly wage in CZK as the research variable. It examines the development of wage distribution in time and the gross monthly wage in relation to the level of educational attainment. It also pursues the development of the minimum wage in the monitored period. The author pays special attention to the lowest guaranteed wage levels classified according to wage classes and work capability assessment, comparing the minimum wage to the wage of subsistence. The forecasts of future wage distribution are an integral component of the research, the financial standing of Czech households being evaluated in an international context within the European Union.

Suggested Citation

  • Diana Bílková, 2015. "Financial Position of Czech Employees at the Beginning of the 3rd Millennium according to Educational Attainment," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(3), pages 307-331.
    • Handle: RePEc:prg:jnlpep:v:2015:y:2015:i:3:id:521:p:307-331
    DOI: 10.18267/j.pep.521
    as

    Download full text from publisher

    File URL: http://pep.vse.cz/doi/10.18267/j.pep.521.html
    Download Restriction: free of charge
    File URL: http://pep.vse.cz/doi/10.18267/j.pep.521.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.pep.521?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Botelho, Anabela & Pinto, Ligia Costa, 2004. "Students' expectations of the economic returns to college education: results of a controlled experiment," Economics of Education Review, Elsevier, vol. 23(6), pages 645-653, December.
    2. Andreas Behr, 2007. "A European Analysis of Changes in Gender Specific Wage Inequality Using Decomposition Methods," Journal of Income Distribution, Ad libros publications inc., vol. 16(1), pages 50-73, March.
    3. Anneli Kaasa, 2006. "Factors of Income Inequality and their Influence Mechanisms: A Review of the Empirical Literature," Journal of Income Distribution, Ad libros publications inc., vol. 15(I), pages 9-41, December.
    4. Michal Franta & Branislav Saxa & Kateøina Šmídková, 2010. "The Role of Inflation Persistence in the Inflation Process in the New EU Member States," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 60(6), pages 480-500, December.
    5. Higgins, Tim & Sinning, Mathias, 2013. "Modeling income dynamics for public policy design: An application to income contingent student loans," Economics of Education Review, Elsevier, vol. 37(C), pages 273-285.
    6. Chevalier, Arnaud, 2011. "Subject choice and earnings of UK graduates," Economics of Education Review, Elsevier, vol. 30(6), pages 1187-1201.
    7. Lex Borghans & Andries de Grip (ed.), 2000. "The Overeducated Worker?," Books, Edward Elgar Publishing, number 1860.
    8. Walter J. Wessels, 2008. "A Consumption Model of Income Inequality," Journal of Income Distribution, Ad libros publications inc., vol. 17(2), pages 5-24, June.
    9. Maria Monti & Alessandro Santoro, 2009. "A Note on Between-Group Inequality with an Application to Households," Journal of Income Distribution, Ad libros publications inc., vol. 18(3-4), pages 49-62, September.
    10. Sushanta K. Mallick, 2008. "Income Distribution and Consumption Deprivation: An Analytical Link," Journal of Income Distribution, Ad libros publications inc., vol. 17(2), pages 25-36, June.
    11. Anneli Kaasa, 2005. "Factors Of Income Inequality And Their Influence Mechanisms: A Theoretical Overview," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 40, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diana Bílková, 2015. "What is About Wages in the Czech Education and Healthcare Sectors Before, during and after the Global Economic Recession?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(1), pages 58-72, January.
    2. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries," Sustainability, MDPI, vol. 10(1), pages 1-22, December.
    3. Léné, Alexandre, 2011. "Occupational downgrading and bumping down: The combined effects of education and experience," Labour Economics, Elsevier, vol. 18(2), pages 257-269, April.
    4. Delaney, Judith M. & Devereux, Paul J., 2020. "Choosing differently? College application behavior and the persistence of educational advantage," Economics of Education Review, Elsevier, vol. 77(C).
    5. Muysken, Joan & Hoppe, Mombert & Rieder, Hannah, 2002. "The Impact of education and mismatch on wages: Germany, 1984-2000," Research Memorandum 041, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    6. H. Battu & P. J. Sloane, 2004. "Over‐Education and Ethnic Minorities in Britain," Manchester School, University of Manchester, vol. 72(4), pages 535-559, July.
    7. Giovanni Abbiati & Carlo Barone, 2017. "Is university education worth the investment? The expectations of upper secondary school seniors and the role of family background," Rationality and Society, , vol. 29(2), pages 113-159, May.
    8. Florence Lebert & Marieke Voorpostel, 2016. "Turnover as a Strategy to Escape Job Insecurity: The Role of Family Determinants in Dual-Earner Couples," Journal of Family and Economic Issues, Springer, vol. 37(3), pages 407-421, September.
    9. Mumford, Kevin J. & Patterson, Richard & Yim, Anthony, 2024. "College Course Shutouts," IZA Discussion Papers 16859, Institute of Labor Economics (IZA).
    10. Ghaffarzadegan, Navid & Xue, Yi & Larson, Richard C., 2017. "Work-education mismatch: An endogenous theory of professionalization," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1085-1097.
    11. Rossen Anja & Boll Christina & Wolf André, 2019. "Patterns of Overeducation in Europe: The Role of Field of Study," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 9(1), pages 1-48, June.
    12. Keith A. Bender & John S. Heywood, 2009. "Educational Mismatch among Ph.D.s: Determinants and Consequences," NBER Chapters, in: Science and Engineering Careers in the United States: An Analysis of Markets and Employment, pages 229-255, National Bureau of Economic Research, Inc.
    13. Lehouelleur, Sophie & Beblavý, Miroslav & Maselli,Ilaria, 2015. "How returns from tertiary education differ by field of study: Implications for policy-makers and students," CEPS Papers 10835, Centre for European Policy Studies.
    14. Kidd, Michael P. & O'Leary, Nigel & Sloane, Peter, 2017. "The impact of mobility on early career earnings: A quantile regression approach for UK graduates," Economic Modelling, Elsevier, vol. 62(C), pages 90-102.
    15. Jo Blanden & Lindsey Macmillan, 2014. "Education and Intergenerational Mobility: Help or Hindrance?," CASE Papers case179, Centre for Analysis of Social Exclusion, LSE.
    16. Muñoz de Bustillo, Rafael & Sarkar, Sudipa & Sebastián, Raquel & Antón, José-Ignacio, 2018. "Education mismatch in Europe at the turn of the century: Measurement, intensity and evolution," MPRA Paper 85779, University Library of Munich, Germany.
    17. Jack Britton & Monica Costa Dias & David Goll, 2023. "Can higher education policy boost intergenerational mobility? Evidence from an empirical matching model," IFS Working Papers W23/06, Institute for Fiscal Studies.
    18. Tomislav Globan & Vladimir Arčabić & Petar Sorić, 2016. "Inflation in New EU Member States: A Domestically or Externally Driven Phenomenon?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(1), pages 154-168, January.
    19. Inés P. Murillo, 2011. "Human capital obsolescence: some evidence for Spain," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(4), pages 426-445, July.
    20. Claude DIEBOLT & Magali JAOUL-GRAMMARE, 2024. "Gendered Study Choice and Prestige of Professions: France in the Long 20th Century," Working Papers 05-24, Association Française de Cliométrie (AFC).

    More about this item

    Keywords

    income distribution; wage distribution; stages of education; characteristics of wage location and differentiation; development of wage; forecasts of wage distribution;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G01 - Financial Economics - - General - - - Financial Crises
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpep:v:2015:y:2015:i:3:id:521:p:307-331. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.