Dickens, Richard (2015) How are minimum wages set? IZA World of Labor, 211. ISSN 2054-9571

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Abstract

The minimum wage has never been as high on the political agenda as it is today, with politicians in Germany, the UK, the US, and other OECD countries calling for substantial increases in the rate. One reason for the rising interest is the growing consensus among economists and policymakers that minimum wages, set at the right level, may help low-paid workers without harming employment prospects. But how should countries set their minimum wage rate? The processes that countries use to set their minimum wage rate and structure differ greatly, as do the methods for adjusting it. The different approaches have merits and shortcomings.

Item Type:	Article
Keywords:	Minimum Wages, Wage Setting
Schools and Departments:	School of Business, Management and Economics > Economics
Subjects:	H Social Sciences > HD Industries. Land use. Labour > HD4801 Labour. Work. Working class H Social Sciences > HD Industries. Land use. Labour > HD4801 Labour. Work. Working class > HD4909 Wages
Depositing User:	Richard Dickens
Date Deposited:	25 Sep 2017 13:19
Last Modified:	25 Sep 2017 13:19
URI:	http://srodev.sussex.ac.uk/id/eprint/70337

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