Impact of minimum wage dynamics on unemployment: an empirical approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00075602" target="_blank" >RIV/00216224:14560/14:00075602 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Impact of minimum wage dynamics on unemployment: an empirical approach

Popis výsledku v původním jazyce

This paper deals with the impact of minimum wage dynamics on the unemployment rate. We provide an empirical analysis of unbalanced panel of 24 countries in the period of 1985-2009 based on a broad data set from OECD and Penn World Tables (v8.0) databases. The effect of minimum wage is controlled for influence of business-cycle as well as labor markets? institutional setting and unemployment benefits. Our results indicate that the significance of the effect found depends on the measure used. The real minimum wage growth rate has a positive and significant effect on unemployment rate but the estimates obtained for median-based measures of minimum wage are insignificant. Despite the statistical significance the economic effect found is very limited. Presented results stress the need for a deeper understanding of the distortions caused by the minimum wage.

Název v anglickém jazyce

Impact of minimum wage dynamics on unemployment: an empirical approach

Popis výsledku anglicky

This paper deals with the impact of minimum wage dynamics on the unemployment rate. We provide an empirical analysis of unbalanced panel of 24 countries in the period of 1985-2009 based on a broad data set from OECD and Penn World Tables (v8.0) databases. The effect of minimum wage is controlled for influence of business-cycle as well as labor markets? institutional setting and unemployment benefits. Our results indicate that the significance of the effect found depends on the measure used. The real minimum wage growth rate has a positive and significant effect on unemployment rate but the estimates obtained for median-based measures of minimum wage are insignificant. Despite the statistical significance the economic effect found is very limited. Presented results stress the need for a deeper understanding of the distortions caused by the minimum wage.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII

ISBN

9788022538688

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

236-244

Název nakladatele

Vydavateľstvo EKONÓM

Místo vydání

Bratislava

Místo konání akce

Bratislava

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000350272000038