EFFECTS OF THE PANDEMIC ON EMPLOYEES' WAGES IN THE SLOVAK REPUBLIC

MICHAL HRNČIAR

https://doi.org/10.53465/EDAMBA.2021.9788022549301.186-193

 

Abstract: The present paper analyzes the effects of the COVID-19 pandemic on the labor market in terms of the impact on employees' wages. The labor market is one of the segments that has suffered the most from the pandemic. The yearon- year changes in the wage growth rate that can be analysed clearly show how significantly the development of the Slovak economy has been slowed down. The pandemic ended several good times, when the world's economies prospered above average and pointed out weaknesses. Residents were not prepared for a decline or loss of their income. This paper will analyze the indicators of wages of employees in Slovakia and their year-on-year development.

Keywords: COVID-19, labour market, wages

JEL classification: J30, J31, J33

Fulltext: PDF

Online publication date: 12 May 2022

 

To cite this article (APA style): 

Hrnčiar, M. (2022). Effects of the Pandemic on Employees' Wages in the Slovak Republic. Proceedings from the EDAMBA 2021 conference, 186 – 193. https://doi.org/10.53465/EDAMBA.2021.9788022549301.186-193