The Impact of Minimum Wages on Consumption in EU Countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43925348" target="_blank" >RIV/62156489:43110/24:43925348 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.37394/23207.2024.21.123" target="_blank" >https://doi.org/10.37394/23207.2024.21.123</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.37394/23207.2024.21.123" target="_blank" >10.37394/23207.2024.21.123</a>

Result language

angličtina

Original language name

The Impact of Minimum Wages on Consumption in EU Countries

Original language description

In this paper, we investigate the significance of the relationship between minimum wages and consumption in EU countries between 1999 and 2021 using panel regression and cluster analysis. We can show a statistically significant effect of the minimum wage on consumption, in a negative direction. For Eastern European countries, the short-term effect of minimum wage growth on consumption is positive, but in the long term, the overall effect is negative. The results of the paper are supported by the outputs of other authors on the effects of minimum wages on employment and consumer prices.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

WSEAS Transactions on Business and Economics

ISSN

1109-9526

e-ISSN

2224-2899

Volume of the periodical

21

Issue of the periodical within the volume

27 June

Country of publishing house

GR - GREECE

Number of pages

12

Pages from-to

1511-1522

UT code for WoS article

—

EID of the result in the Scopus database

2-s2.0-85210427371