This diploma thesis deals with two state interventions within the labour market. The first intervention focuses on minimum wage. Most economists purport that the high ratio of minimum wage to average wage leads to a higher rate of unemployment amongst younger people (15 -- 24). This thesis analyses this issue in countries that are involved in the Organisation for Economic Co-operation and Development ("OECD countries"). The results differ between countries; however, it can generally be said that the high ratio of minimum wage to average wage leads to a higher rate of employment amongst younger people than between members of other analysed age groups. The second intervention focuses on the "pay as you go" pension system ("PAYG") as compared with a fully funded plan. This thesis compares the two major pension systems with the aim of determining which plan is more profitable. In the Czech Republic, between the years of 1995 and 2012, the fully funded plan was more profitable in eight of the nine pension funds analysed. Future estimations are dependent on population fluctuations and technological progress within the Czech Republic.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:199534 |
| Date | January 2013 |
| Creators | Kremín, Jan |
| Contributors | Vostrovská, Zdenka, Nohál, Martin |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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