[PDF] The Impact Of Minimum Wages On Income Inequality In The Eu eBook

Author : Stefano Filauro
Publisher :
Page : 0 pages
File Size : 12,51 MB
Release : 2023
Category :
ISBN :

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A number of studies documents that minimum wage policies have the potential to reduce income inequality. The recently adopted EU Commission's proposal for a Directive on adequate minimum wages was supported by a detailed analysis of the social impacts of hypothetical minimum wage levels in countries with a statutory minimum wage. This paper extends these country-level analyses by exploring the impact of minimum wage policies on EU-level income inequality. To our knowledge, this is the first study that uses a microsimulation model such as EUROMOD to assess the impact of EU-promoted policies on the distribution of income in the EU, beyond their national effects. Assuming no employment effects, static simulation results show that a hypothetical minimum wage corresponding to 60% of the national median wage would bring about a small but significant reduction in EU-level disposable income inequality (by 0.75% in 2019 as measured through the Gini index). This result stems primarily from a reduction in the within-country component of income inequality as the effect on inequality between countries is rather muted. The reduction in EU-level income inequality is the highest in disposable incomes, but some reduction is detectable also in market incomes. In turn, the withdrawal of social benefits because of higher minimum wages seems to neutralise part of this inequality reduction.

Author : Maarten van Klaveren
Publisher : Springer
Page : 394 pages
File Size : 12,45 MB
Release : 2015-06-09
Category : Business & Economics
ISBN : 1137512423

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This book offers a labour perspective on wage-setting institutions, collective bargaining and economic development. Sixteen country chapters, eight on Asia and eight on Europe, focus in particular on the role and effectiveness of minimum wages in the context of national trends in income inequality, economic development, and social security.

Author : Christian Dreger
Publisher :
Page : 423 pages
File Size : 13,8 MB
Release : 2014
Category :
ISBN : 9789282363188

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This report, provided by Policy Department A for the Committee on Employment and Social Affairs, summarises the results of the project "Wage Dispersion in the European Union". It has three objectives: first, to describe the recent evolution of wage dispersion across EU member states using different definitions of labour earnings and inequality measures; second, to analyse the relationship between wage dispersion and labour market institutions related to collective bargaining and minimum wages taking into account recent policy reforms; and, last, to evaluate the impact of changes in wage inequality on overall income distribution in the EU.

Author : Carlos Gradín
Publisher : Oxford University Press
Page : 373 pages
File Size : 15,23 MB
Release : 2021
Category : Business & Economics
ISBN : 0198863969

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Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries - Brazil, China, India, Mexico, and South Africa.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 45 pages
File Size : 41,21 MB
Release : 2016-06-15
Category : Business & Economics
ISBN : 1484388836

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This paper provides a cross-country report on minimum wages. In the past few years, many countries in Central Eastern and Southeastern Europe (CESEE) have increasingly turned to minimum wage policies. Throughout the region, statutory minimum wages had been in place at least since the early 1990s, but they were typically set at relatively moderate levels and affected relatively few workers. Minimum wages have risen sharply relative to both average wages and labor productivity. Minimum wages often affect relatively more workers in CESEE than in Western Europe. Governments are the key players in the minimum wage determination in CESEE countries.

Author : Ms.Enrica Detragiache
Publisher : International Monetary Fund
Page : 46 pages
File Size : 17,17 MB
Release : 2020-05-22
Category : Business & Economics
ISBN : 1513545078

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A hypothetical European Minimum Wage (MW) set at 60 percent of each country’s median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits may erode direct benefits. Turning to competitiveness, since the MW increase to reach the European standard would be larger in euro area countries with excessive external surpluses, the associated real appreciation should help curb existing imbalances. However, a few countries with already weak external positions would experience an undesirable real appreciation.

Author :
Publisher : GRIN Verlag
Page : 17 pages
File Size : 35,87 MB
Release : 2012-03-23
Category : Political Science
ISBN : 3656158223

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Document from the year 2011 in the subject Politics - Topic: European Union, University of Münster, language: English, abstract: 1. Definition of a “minimum wage” 2. How many countries do have a minimum wage regime across Europe? 3. How high are minimum wages across Europe? 4. Is there a trend towards the minimum wage across Europe? 5. The importance of minimum wages across Europe/ To how many people does a minimum wage apply across Europe? 6. Is the eastern European expansion of the EU a reason for the introduction of minimum wages across Europe? 7. Is a minimum wage regime favourable in economic and social terms? 8. Is there a legal right to gain a sufficient remuneration – a minimum wage? 9. How could a European perspective of a minimum wage regime look like? 10.Are there alternatives to a minimum wage? Further reading

Author : Tomas Hellebrandt
Publisher : Peterson Institute for International Economics
Page : 48 pages
File Size : 38,70 MB
Release : 2015-04-06
Category : Political Science
ISBN : 0881327085

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As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers' wages, and especially the struggles of lower-skilled workers at the -bottom end of the wage scale. While Washington deliberates legislation raising the minimum wage, a number of major American employers—for example, Aetna and Walmart—have begun to voluntarily raise the pay of their own lowest-paid employees. In this collection of essays, economists from the Peterson Institute for International Economics analyze the potential benefits and costs of widespread wage increases, if adopted by a range of US private employers. They make this assessment for the workers, the companies, and for the US economy as a whole, including such an initiative's effects on national competitiveness. These economists conclude that raising the pay of many of the lowest-paid US private-sector workers would not only reduce income inequality but also boost overall productivity growth, with likely minimal effect on employment in the current financial context. "It is possible to profit from paying your employees well…and increasing lower-paid workers' wages is the way forward for the United States," argues Adam S. Posen in his lead essay (reprinted from theFinancial Times). Justin Wolfers and Jan Zilinsky argue that higher wages can encourage low-paid workers to be more productive and loyal to their employers and coworkers, reducing costly job turnover and the need for supervision and training of new workers. Tomas Hellebrandt estimates that if all large private sector corporations in the United States outside of sectors that intensively use low-skilled labor increased wages of their low-paid workers to $16 per hour, the pay of 6.2 percent of the $110 million private-sector workers in the United States would increase on average by 38.6 percent. The direct cost to employers would be $51 billion, only around 0.3 percent of GDP. Jacob Kirkegaard and Tyler Moran explore the experience of employers in other advanced countries, with its implications for international competitiveness, and Michael Jarand assesses the impact of a wage increase on the near-term development of the US macroeconomy. Data disclosure: The data underlying the figures in this analysis are available for download in links listed below.

Author : Dale Belman
Publisher : W.E. Upjohn Institute
Page : 489 pages
File Size : 31,88 MB
Release : 2014-07-07
Category : Political Science
ISBN : 0880994568

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Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.