Suchergebnisse

The economic development of the Czech Republic & Slovakia after the split of former Czechoslovakia in 1993 shows some important differences, caused by different economic policy & the starting level. The convergence of the Slovak economic level to the Czech one was very fast after the World War II, due to the massive reallocation of resources (the transfer of resources in favor of Slovakia represented 11% of the Slovak GDP). The Slovak economy adjusted to the lower economic level after the split by sinking real wages & by depreciation of the Slovak koruna, so that the ULC are now the lowest among the Central European countries. Slovakia enjoyed very fast growth of GDP in recent years fluctuating from 7 to 10%, while in the Czech Republic it reached from 6 to 7%. The abundant inflow of FDI & economic reforms helped to speed the real convergence in Slovakia, which continued fluently after a deep fall accompanying the split of Czechoslovakia. In 2007, the Slovak GDP per capita measured in PPS reached 84% of the Czech one. The common challenge for both economies is to overcome the one-sided orientation on cost/price competitiveness based on low wages & pass over to the qualitative competitive advantage, based on the innovations & production of high quality goods & services. Tables, Figures, References. Adapted from the source document.

During the transition of the central planned economies to the market system unemployment has become one of the most serious problems. The article describes the current state of unemployment in the Czech Republic & Slovakia. Using models of marginal effective tax rates developed by the OECD we discuss the influence of wage taxation, social security contributions & the benefit system on taxpayers' incomes & therefore on the motivation to work. The first part describes alternative indicators for measuring taxation of labor, analyses the methodology of measuring marginal effective tax rates & shows the calculated results. The next part discuses the influence of these effective tax rates & benefit systems on the taxpayers' net incomes & analyses possibilities of poverty traps for households, especially for low-wage taxpayers. The results show that efforts to reduce poverty hardly reduced work incentives in the Czech Republic & Slovakia. Tables, Graphs, References. Adapted from the source document.

This article is focused on the composition & development of the so-called Scandinavian approach to economic policy. The first part describes its three main posts, this is labor market, public sector, & social equality. Two main streams of Swedish labor-market policy are centralized wage bargaining managed by the Rehn-Meidner model under the motto "equal wage for equal work," which was transformed into "equal wage" & the so-called active labor-market policy. The second part deals with macroeconomic policy & progressive market regulation & competition obstacles, & the third part introduces the Swedish tax system with its highly progressive tax rates & its 1985 & 1991 tax reform. 2 Tables, 9 Graphs, 27 References. Adapted from the source document.

The article deals with an analysis of regional differences in rental housing affordability following rent deregulation in the Czech Republic. The objective is to identify the types of households potentially at risk of being unable to afford housing, to map the development of potential housing (un)affordability since 2000, and to trace the development of regional differences in the percentage of at-risk households in the Czech Republic. Owing to the absence of useful aggregate data on incomes and expenditures for different household types in the regions of the Czech Republic, the authors created their own simulation methodology for measuring housing affordability, which uses available regional wage statistics and data on market rents. The results indicate that the general risk of being unable to afford rental housing and regional differences in housing affordability are both decreasing, but there is still a relatively large group of households that under current wage conditions for paying social benefi ts would be unable to afford to pay market rents.

This paper investigates the possible reasons why many microfinance institutions (MFIs) have gradually experienced a decrease in the share of female borrowers in their portfolios over the last few years. We confirm that the share of women may be decreasing due to the growing proportion of low-income inhabitants in the area and unpaid family workers. Our results further show that the share of women is also strongly dependent on employment policy that has a positive impact on the dependent variable. Unexpectedly, none of macroeconomic variables such as economic growth, wage and household consumption has an impact on the number of female borrowers. Adapted from the source document.

The aim of paper is to estimate internal rates on return on human capital investment in the Czech Republic. Internal rates of returns are estimated from the point of view of individuals and society. Authors did their own computations and estimations, which are based on some selected data: REFLEX survey, Eurostudent IV survey, data about wage development from Czech Statistical Office and from Information system about average salaries. Internal rates of return are differenced by study fields, regions and sex. Pares also reflects the current demographic situation in the Czech Republic and thoughts about reform of tertiary educational system including tuition fees at public universities. Adapted from the source document.

The situation on the labour market in East Germany is difficult since the beginning of economic transition in the early 90's. The reasons for such a situation are complex. The implementation of single currency, the collapse of East Germany's foreign trade, the privatization method & high wages should be mentioned above all. The macroeconomic reasons for the persistently high unemployment rate are supported by microeconomic reasons, too. The unification of Germany was not perceived as a unique chance to reform the outdated German labour market. Active labour market policy measures known from the old Federal Republic of Germany were not as effective as expected. Graphs, References. Adapted from the source document.

We use EU SILC data for the Czech Republic to estimate the size of the motherhood penalty for the period 2006-2017. We find out that adjusted motherhood penalty amounts to 11-15% in the period 2006-2008. At that time, the Czech Republic appeared to be comparable to countries such as Germany and the UK. However, the motherhood penalty effectively disappears after 2009 and the Czech Republic is now placed in the same group with Scandinavian countries, France and Belgium. Despite that, there are still many obstacles for mothers to increase their labour market participation, which translate mainly into wage penalties via the experience and labour intensity channels. The study also supports other general evidence from cross-country motherhood penalty comparisons, motherhood penalty being mostly a phenomenon of middle-educated, married women located outside large cities, employed in private industry and having more than one child.

This paper compares the standard economic & a complementary socioeconomic approach to the transition. While the economic approach looks at social problems from the outside & views them as costs of transition, the socioeconomic approach looks at these problems from the inside & views them as a part of the social change taking place. Both approaches are used here to analyze four frictions, concerning (1) the PAYG pension system, which emphasizes intergenerational dependence & turns pensioners into a socially needy population; (2) the relation between low market wages & a higher welfare provision, which creates a poverty trap & leads to a culture of dependency; (3) the insufficient incentives for middle-class expansion, which contrasts with the key role this class should play in the future prosperity of society; & (4) tensions between various sections of the middle class. 6 Tables, 2 Figures, 4 Graphs, 17 References. Adapted from the source document.

Personal income taxation in the Czech Republic has undergone significant changes in the last 20 years. Among main changes is replacing of deductions from the tax base with tax credits in 2006, as well as linking income tax and contributions on compulsory insurance in the form of so-called super-gross wage with the simultaneous introduction of a flat tax rate and introduction of maximum assessment bases for compulsory contributions in 2008. In this paper, we quantify the fiscal impacts of significant changes using macroeconomic and microeconomic approaches. We compare the results within each other, but also with the expected fiscal impact stated in the explanatory reports of the amending laws. The results show good consistency in estimates of the fiscal impact of tax and contribution reforms and confirm four fiscally significant reforms from 2000 to 2018. The expected negative and positive effects of changes in income tax presented in the explanatory reports are generally lower than in our calculations. Improving the quantification of fiscal impacts is essential for the adoption of an efficient and rational tax policy.

There are currently held tough discussions among economists and policy makers on the most appropriate form of taxation that would be fair, simple, enough incentive to wage work and entrepreneurship and withal also providing sufficient revenue for the state to fund the services provided to citizens. In this debate two opposing views on the basic form of this system stand against each other, namely, whether it should tax the income in a progressive manner, as is the case with tax systems applied today in most countries, or in a proportional manner, which has been introduced in a limited extent in several countries, especially in Central and Eastern Europe. This article provides a brief description of the basic characteristics of both these approaches and summarizes the main arguments presented by their proponents and opponents. The next section describes the different variants of a proportional system, also known as a flat tax system, some of which currently exist only in the yet unrealized proposals, and in the end, then compare their pros and cons. Adapted from the source document.

The paper provides an exploratory analysis of regional dynamics among 264 NUTS2 EU-27 regions over the period 1992-2006. Seven different regional indicators are analyzed including wages, household expenditures, retail sales, investments, productivity, GDP, & GDP adjusted for international purchasing power differences. Several aspects of regional dynamics are studied such as convergence, polarization, role of international component, overall mobility, & individual mobility of Czech regions. Different methods are employed including some traditional techniques such as Gini coefficient, Theil decomposition, or kernel density estimates but also more innovative measures based on the pair-wise comparisons of regions. The results suggest strong regional convergence in relative ratios hand in hand with increasing absolute gaps among European regions. The analysis also indicates a significant bipolarity in the investigated distributions & a major role of international component in the process of European regional development. From the Czech regions, only Praha & Stredni Cechy recorded some upward mobility in the European regional rank distributions, while the relative positions of all other units deteriorated. Adapted from the source document.