Czech employees are suffering from a decline in their real
wages – Are they entitled to be paid more?

J 2023

Czech employees are suffering from a decline in their real wages – Are they entitled to be paid more?

HYNKOVÁ, Vendula; Renata SKÝPALOVÁ and Veronika HEDIJA

Basic information

Original name

Czech employees are suffering from a decline in their real wages – Are they entitled to be paid more?

Authors

HYNKOVÁ, Vendula (203 Czech Republic, guarantor, belonging to the institution); Renata SKÝPALOVÁ (203 Czech Republic, belonging to the institution) and Veronika HEDIJA (203 Czech Republic)

Edition

Littera Scripta, České Budějovice, Institute of Technology and Business in České Budějovice, 2023, 1805-9112

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

References:

Internetový odkaz na článek v časopisu

Organization unit

AMBIS University

Keywords in English

inflation;galloping inflation;real wages;nominal wages;standard of living;anti-inflationary policy;real consumption

Abstract

In the original language

The article deals with development of the average gross monthly nominal and real wages in individual regions and nationally in the Czech economy during the 2011 – 2022 period, with focus on 2022, the year of galloping inflation in the Czech Republic. It examines differences between average gross monthly real wages in individual regions of the Czech Republic and the national average of gross monthly real wage in 2022. There will be a discussion on how to raise the standard of living of households again, about the possibilities of economic policy and the circumstances and consequences of increasing nominal wages. The article presents development trends of the average gross monthly nominal, real wages, and the price level for the following years 2023 and 2024. In addition, the article reveals to which year in the past the household standard of living fell, according to the development of the average gross monthly real wages, at the national level and in Czech individual regions.

Cite

HYNKOVÁ, Vendula; Renata SKÝPALOVÁ and Veronika HEDIJA. Czech employees are suffering from a decline in their real wages – Are they entitled to be paid more? Littera Scripta. České Budějovice: Institute of Technology and Business in České Budějovice, 2023, Vol. 16, Issue 2, p. 65-78. ISSN 1805-9112.

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   author = {Hynková, Vendula and Skýpalová, Renata and Hedija, Veronika},
   article_location = {České Budějovice},
   article_number = {Issue 2},
   keywords = {inflation;galloping inflation;real wages;nominal wages;standard of living;anti-inflationary policy;real consumption},
   language = {eng},
   issn = {1805-9112},
   journal = {Littera Scripta},
   title = {Czech employees are suffering from a decline in their real wages – Are they entitled to be paid more?},
   url = {https://littera-scripta.com/wp-content/uploads/2023/12/LS-2_2023-05-Hynkova-Skypalova-Hedija.pdf},
   volume = {Vol. 16},
   year = {2023}
}

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PY  - 2023
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JF  - Littera Scripta
VL  - Vol. 16
IS  - Issue 2
SP  - 65-78
EP  - 65-78
PB  - Institute of Technology and Business in České Budějovice
SN  - 18059112
KW  - inflation;galloping inflation;real wages;nominal wages;standard of living;anti-inflationary policy;real consumption
UR  - https://littera-scripta.com/wp-content/uploads/2023/12/LS-2_2023-05-Hynkova-Skypalova-Hedija.pdf
N2  - The article deals with development of the average gross monthly nominal and real wages in individual regions and nationally in the Czech economy during the 2011 – 2022 period, with focus on 2022, the year of galloping inflation in the Czech Republic. It examines differences between average gross monthly real wages in individual regions of the Czech Republic and the national average of gross monthly real wage in 2022. There will be a discussion on how to raise the standard of living of households again, about the possibilities of economic policy and the circumstances and consequences of increasing nominal wages. The article presents development trends of the average gross monthly nominal, real wages, and the price level for the following years 2023 and 2024. In addition, the article reveals to which year in the past the household standard of living fell, according to the development of the average gross monthly real wages, at the national level and in Czech individual regions.
ER  -

HYNKOVÁ, Vendula; Renata SKÝPALOVÁ and Veronika HEDIJA. Czech employees are suffering from a decline in their real wages – Are they entitled to be paid more? \textit{Littera Scripta}. České Budějovice: Institute of Technology and Business in České Budějovice, 2023, Vol. 16, Issue 2, p.~65-78. ISSN~1805-9112.

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