Analysis of the Wage Level Development in Slovakia and the Wage Gaps in the European Union
Analysis of the Wage Level Development in Slovakia and the Wage Gaps in the European Union

Summary/Abstract: The wage is a financial remuneration of the employee for work performed. The differences between the valuation of similar or comparable work in individual EU countries – within individual sectors and regions – are quite frequently discussed by the professionals and experts. The main aim of this paper is to examine the wage of employees in Slovakia (from the accession of Slovakia to the European Union to the present) on the one hand and on the other hand to compare the wage differences within the European Union and to find the position of the Slovak Republic within this group of countries. Cluster analysis of the European Union countries is made based on average and minimum net wages, and the EU countries are divided in groups with similar wage characteristics. The basic indicator used to divide the countries into clusters is the minimum wage. In the quantitative research are used the officially available statistical data mainly from the Statistical Office of the Slovak Republic and from the Eurostat databases.

• Details
• Contents