Determinants of individual wages in the Slovak Republic

Abstract

The wage development is an important part of society. The release of wage developments in Slovakia resulted in a significant income differentiation, which found its reflection in the quality of life of inhabitants. After the initial causes of the increase in wage differentiation due to transformation the attention has focus on an exploration of new factors that affect the wage assessment of an individual. The aim of this paper is captured by the wage equations several determinants affecting the level of wages in the Slovak Republic. In this paper analysis of wage determinants is based on data from the survey Information system on labor cost, which is realized by the company Trexima Bratislava.