Minimum wage and its impact on the labour market flexibility

The bachelor thesis is dedicated to an instrument of state regulation - minimum wage and its impact on the labour market flexibility. First part of this thesis digests the arguments of supporters of the minimum wage and their opponents, it describes also basic economic theories of the minimum wage. Then, it deals with the minimum wage from the view of European international organizations and institutions, measurement methods of the minimum wage effects on the labour market flexibility, and empirical studies examining the effects of the minimum wage on the labour market flexibility. The last part analyzes minimum wage in the Czech Republic.