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Statutory minimum wages in the EU: institutional settings and macroeconomic implications

"This paper analyses some macroeconomic implications of the statutory minimum wage in the member states of the European Union and assesses how its institutional design influences these outcomes. First, the paper looks at the institutional dimensions of statutory minimum wage setting. On the bas...

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Bibliographic Details
Main Authors: Arpaia, Alfonso, Cardoso, Pedro, Kiss, Aron, Van Herck, Kristine, Vandeplas, Anneleen
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Bonn 2017
IZA
Subjects:
employment
income distribution
minimum wage
poverty
EU countries
Online Access:https://www.labourline.org/KENTIKA-619312443759-Statutory-minimum-wages-in-the.htm
Description
Summary:"This paper analyses some macroeconomic implications of the statutory minimum wage in the member states of the European Union and assesses how its institutional design influences these outcomes. First, the paper looks at the institutional dimensions of statutory minimum wage setting. On the basis of this information, an indicator of institutional stringency is built to characterise the degree of predictability of minimum wage setting. Second, it explores the impact of minimum wage changes on employment, prices, consumption, and poverty."
Physical Description:47 p.
Digital

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