Impact of minimum wage dynamics on unemployment: an empirical
approach

D 2014

Impact of minimum wage dynamics on unemployment: an empirical approach

SCHULZ, Jaroslav a Štěpán MIKULA

Základní údaje

Originální název

Impact of minimum wage dynamics on unemployment: an empirical approach

Autoři

SCHULZ, Jaroslav (203 Česká republika, garant, domácí) a Štěpán MIKULA (203 Česká republika, domácí)

Vydání

1. vyd. Bratislava, Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII, od s. 236-244, 9 s. 2014

Nakladatel

Vydavateľstvo EKONÓM

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Slovensko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Kód RIV

RIV/00216224:14560/14:00075602

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-225-3868-8

UT WoS

000350272000038

Klíčová slova anglicky

minimum wage; dynamics; unemployment; institutions; wage policy

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 3. 4. 2015 15:33, Mgr. Daniela Marcollová

Anotace

V originále

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.

Návaznosti

MUNI/A/0844/2013, interní kód MU

Název: Analýza transformujících se ekonomik - vývoj institucionálního prostředí a jeho důsledky pro reálnou ekonomiku (Akronym: Analýza transformujících se ekonomik)

Investor: Masarykova univerzita, Analýza transformujících se ekonomik - vývoj institucionálního prostředí a jeho důsledky pro reálnou ekonomiku, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

SCHULZ, Jaroslav a Štěpán MIKULA. Impact of minimum wage dynamics on unemployment: an empirical approach. In Marian Reiff, Pavel Gežík. Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII. 1. vyd. Bratislava: Vydavateľstvo EKONÓM, 2014, s. 236-244. ISBN 978-80-225-3868-8.

@inproceedings{1184616,
   author = {Schulz, Jaroslav and Mikula, Štěpán},
   address = {Bratislava},
   booktitle = {Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII},
   edition = {1},
   editor = {Marian Reiff, Pavel Gežík},
   keywords = {minimum wage; dynamics; unemployment; institutions; wage policy},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Bratislava},
   isbn = {978-80-225-3868-8},
   pages = {236-244},
   publisher = {Vydavateľstvo EKONÓM},
   title = {Impact of minimum wage dynamics on unemployment: an empirical approach},
   year = {2014}
}

TY  - JOUR
ID  - 1184616
AU  - Schulz, Jaroslav - Mikula, Štěpán
PY  - 2014
TI  - Impact of minimum wage dynamics on unemployment: an empirical approach
PB  - Vydavateľstvo EKONÓM
CY  - Bratislava
SN  - 9788022538688
KW  - minimum wage
KW  - dynamics
KW  - unemployment
KW  - institutions
KW  - wage policy
N2  - 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.
ER  -

SCHULZ, Jaroslav a Štěpán MIKULA. Impact of minimum wage dynamics on unemployment: an empirical approach. In Marian Reiff, Pavel Gežík. \textit{Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII}. 1. vyd. Bratislava: Vydavateľstvo EKONÓM, 2014, s.~236-244. ISBN~978-80-225-3868-8.

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