Does minimum wage increasing unemployment? Determinants of unemploymet in the Czech Republic

The thesis analyzes an effect of raising the minimum wage and other variables on unemployment rate in the Czech Republic in 2006-2015. The empirical part is based on available time series, which were used to estimate models of unemployment for both women and men, including differently specified models and a model of overall unemployment. The time series used in regression models were adjusted for seasonality. Main hypothesis of this thesis was, that there is a positive correlation between raising the minimum wage and unemployment rate. Exogenous variables used in the models were chosen based on economic theory and existing literature. Results show, that there was no statistically significant relationship between the minimum wage and unemployment rate in the studied period. It was confirmed that there is a negative effect of GDP growth rate and inflation rate on unemployment rate, while unemployment benefits seem to have a positive effec