The Long-Run Impact of Minimum Wages on Total Factor Productivity in the European Union
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00124843" target="_blank" >RIV/00216224:14560/20:00124843 - isvavai.cz</a>
Výsledek na webu
<a href="https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-souboru/ICEI-2020-Proceedings.pdf" target="_blank" >https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-souboru/ICEI-2020-Proceedings.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.31490/9788024844565" target="_blank" >10.31490/9788024844565</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
The Long-Run Impact of Minimum Wages on Total Factor Productivity in the European Union
Popis výsledku v původním jazyce
Nowadays, the question of “fair minimum wages” is highly discussed among the EU and national authorities. Within the framework of The European Pillar of Social Rights, the EC have already launched consultations to strengthen existing minim wage systems in the member states. But how does the minimum wage effect the long-term economic performance in the members states? The aim of the paper is to determine the long-run impact of national statutory minimum wages on total factor productivity in the European Union. The empirical analysis is conducted on unbalanced panel data set including observations for 23 cross-sections (member states with statutory minimum wages) over the period of 1995-2017, by means of panel cointegrating regression (FMOLS estimation method). In line with endogenous growth theories, variables for human capital and R&D, as key determinants of productivity, are included in the regression. The result supported the long-run relations between total factor productivity and minimum wages and suggested a statistically significant negative impact.
Název v anglickém jazyce
The Long-Run Impact of Minimum Wages on Total Factor Productivity in the European Union
Popis výsledku anglicky
Nowadays, the question of “fair minimum wages” is highly discussed among the EU and national authorities. Within the framework of The European Pillar of Social Rights, the EC have already launched consultations to strengthen existing minim wage systems in the member states. But how does the minimum wage effect the long-term economic performance in the members states? The aim of the paper is to determine the long-run impact of national statutory minimum wages on total factor productivity in the European Union. The empirical analysis is conducted on unbalanced panel data set including observations for 23 cross-sections (member states with statutory minimum wages) over the period of 1995-2017, by means of panel cointegrating regression (FMOLS estimation method). In line with endogenous growth theories, variables for human capital and R&D, as key determinants of productivity, are included in the regression. The result supported the long-run relations between total factor productivity and minimum wages and suggested a statistically significant negative impact.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2020
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Proceedings of the 5th International Conference on European Integration 2020.
ISBN
9788024844558
ISSN
2571-029X
e-ISSN
—
Počet stran výsledku
9
Strana od-do
313-321
Název nakladatele
VŠB - Technical University of Ostrava, Faculty of Economics, Department of European Integration
Místo vydání
Ostrava
Místo konání akce
Ostrava
Datum konání akce
1. 1. 2020
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
—