This article analyses the public-private pay gap in the Czech Republic using quantile (decomposition) regression. Quantile decomposition analysis showed that all along the distribution, public sector employees are better equipped (have better characteristics) but up from lowest decile, they have worse return on them (lower regression coefficients). Overall earnings are better in the public sector in the lower segments of wage distribution, but worse in the upper. This is due to the effect of coefficients that weigh more heavily upon the effect of characteristics up from the fifteenth percentile.
If we attempted to clarify symbolically the course which has eventuated into the current „global crisis“ especially in the field of examination of the dichotomy of life and death, the most appropriate statement would be the famous Nietzsche´s figural sentence: „God is dead.“ Nietzsche was the first philosopher who exposed the European nihilism relating to fall of universal values and decomposition of traditional morality. Nietzsche´s philosophy and work is still very current that´s why it is really vital and purpose-made for our needs. Decomposition of traditional morality and destruction of metaphysical centre are both events, in which we should look for the reasons and purpose of the European nihilism that Nietzsche supposed.
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