Do men and women receive different pay-offs, in terms of wage, from cognitive skills in the Swedish labor market? To answer this, the classical Mincer equation is expanded with a variable for cognitive skills (literacy and numeracy) and an interaction term between being a male and cognitive skills to be able to distinguish the actual difference in pay-off. I use data from OECD’s PIAAC survey of adult skills, which provides a unique opportunity to examine gender pay-off differences concerning cognitive skills. The results show that men have a larger pay-off than women once occupation is sufficiently controlled for

This diploma thesis deals with the position of women in the labour market, focusing on gender wage differences. It describes the problem of discrimination against women and the different valuation of women's and men's work. In the theoretical part, the thesis focuses on the basic terminology and overview of Czech and European legal regulations, which should ensure an equal access for women and men. Essential part of this work is to analyze the wage gap by using Gender Pay Gap index and the factors, that affects this gap. Wage differences are analyzed at the level of national economy and also at the level of individual proffesional groups. A separate chapter is devoted to analyzing the macroeconomic factors that are considered the most important causes of differences in women's and men's income. The thesis presents statistical data, which explains the different position of women in the labour market and also provides evidence of wage discrimination against women. Results of the analysis are set into the Czech and European context.