Tomáš Kučera MSc.

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Position: Ph.D. Candidate
Field of interest: Behavioural Economics, Labour Economics, Minimum Wage Policy
Membership: Macroeconomics and Econometrics, PhD Candidates

Contact

Office:
Email: 73069722@fsv.cuni.cz
Phone:
Available: by appointment

More information

Assistant

JEB026 - European Economic Integration

PhD study

Tutor: Mgr. Barbara Pertold-Gebicka M.A., Ph.D.

Studying from: 2019
PhDr examination:
Final exam:
Dissertation Proposal defence:
Dissertation defence:

Current work:
Analysis of real wages development by income deciles in the Czech Republic since 2012-2020

Dissertation topic:
The "Nudge" Potential of Minimum Wage

Disertation abstract:
The aim of my research is to evaluate the minimum wage's potential to "nudge" the economy towards higher efficacy. As the existing literature on the impact of
minimum wage (MW) on employment, profitability, capital investments is rather extensive (Dickens, Machin & Manning, 1999; Abowd et al., 2000; Stewart, 2002;
Harasztosi & Lindner, 2017), this research aims to synthesize these findings and, perhaps more importantly, to provide an economic justification (apart from the
political one) for such policy measure. Behind the idea of nudging, there is an implicit assumption of an economy being in a suboptimal state. However controversial
that might seem (especially to a neoclassical economist), there are many reasons to assume so – rigidities, imperfect information, irrational decision-making,
imperfect job mobility, etc.
The work will be spread out into three parts. The first part will focus on the impact of minimum wage on employees. This would include analyzing employment
effect, its size, and potential heterogeneity across socio-economic groups, industries and regions. Specific attention would be paid to whether there are specific groups
that can be significantly affected by the minimum wage and thus should be always taken into account in the policy-making process. This will be investigated through
a meta-regression analysis of the existing research. Since meta-regression uses the results of existing studies as its inputs, data will be collected through an extensive
literature search. It is essential that such a search is as consistent as possible. Thus, search criteria will be defined at the outset to clearly indicate what literature can be
included. The literature search will be done through ECONLIT, RePEc and other relevant databases.
The second part will focus on the impact of minimum wage on companies, namely on profits, prices, and investments in capital. The aim would be to investigate the
potential of minimum wages to increase productivity and to analyze who ultimately pays for minimum wage. As in the first part, meta-regression will also be
deployed. However, this part will be supplemented by primary research, if suitable data are available.
In the last part, the results will be synthesized and supplemented by theoretical analysis. This analysis will elaborate on economic arguments for the introduction of a
minimum wage, which often arise from the latest findings of behavioral economics in particular. The aim will be to examine whether the minimum wage could be
reasonably justified as a regulatory 'nudge'. The conclusion should summarize practical knowledge and implications for economic policymakers

Optional courses:

CV

Education

MSc in Economic Policy, University College London

Job history

LINET Group - Marketing and business analyst (05/2020 - present)
BHM Group (Private equity fund) - Investment Manager (3/2019 - present)
Boston Consulting Group - Visiting Associate (10/2018 - 2/2019)
European Parliament - Policy Analyst for Luděk Niedermayer (4/2017 - 5/2017)

Extra activities

Research assistant to a project analysing the impact of management board of banks on risk-taking

Awards and prizes

Honourable Recognition for an Excellent Paper (Young Economist competition by the Czech Economic Society) - 2018 - for bachelor thesis "Cognitive Bias Mitigation: How to make decision-making more rational?"
2nd place in Dean’s prize competition 2018 (Faculty of Economics, University of Economics, Prague) - 2018
Excellent student paper award (university-wide ESOP competition, University of Economics, Prague) - 2017

Topics for supervision

Bachelor theses

Social Bridges and Economic Growth
Importance of Social Networks
Behavioural economics and cognitive biases

Master theses

Social Bridges and Economic Growth
Importance of Social Networks
Behavioural economics and cognitive biases

Downloadable

Awarded Bachelor Thesis - Cognitive Bias Mitigation
MSc dissertation - Are employment effects of minimum wage the same across the EU? A Meta-regression analysis

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance