The debate on the economic effects of minimum wage legislation
The minimum wage establishment has its origin in the first third of the last century. Since its creation has been a focus of continuing controversy and an unfinished debate on economics field. This work reviews the effects of the minimum wage on employment and other macroeconomic variables, from bot...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of A Coruna
2017-12-01
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| Series: | European Journal of Government and Economics |
| Subjects: | |
| Online Access: | http://www.ejge.org/index.php/ejge/article/view/132/76 |
| _version_ | 1830220727055286272 |
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| author | Santos Miguel Ruesga-Benito Fernando Ignacio González-Laxe Jose Picatoste |
| author_facet | Santos Miguel Ruesga-Benito Fernando Ignacio González-Laxe Jose Picatoste |
| author_sort | Santos Miguel Ruesga-Benito |
| collection | DOAJ |
| description | The minimum wage establishment has its origin in the first third of the last century. Since its creation has been a focus of continuing controversy and an unfinished debate on economics field. This work reviews the effects of the minimum wage on employment and other macroeconomic variables, from both theoretical and empirical perspectives. The method is based on the revision of the literature and the main economic indicators. The central contribution of this paper is providing a general reflection on theoretical and empirical analysis about the debate on minimum wage and its effects. The results showed that some labor policies are taking account the effects of austerity strategies, shifting the attention towards the implementation of minimum wages or their updating, in order to reduce the growing inequalities in the distribution of income, and even poverty levels. |
| first_indexed | 2024-12-18T08:11:28Z |
| format | Article |
| id | doaj.art-8018ec5942c04e34ae45dbb24663d057 |
| institution | Directory Open Access Journal |
| issn | 2254-7088 2254-7088 |
| language | English |
| last_indexed | 2024-12-18T08:11:28Z |
| publishDate | 2017-12-01 |
| publisher | University of A Coruna |
| record_format | Article |
| series | European Journal of Government and Economics |
| spelling | doaj.art-8018ec5942c04e34ae45dbb24663d0572022-12-21T21:14:53ZengUniversity of A CorunaEuropean Journal of Government and Economics2254-70882254-70882017-12-0162171190The debate on the economic effects of minimum wage legislationSantos Miguel Ruesga-Benito0Fernando Ignacio González-Laxe1Jose Picatoste2Universidad Autónoma de MadridUniversidade da CoruñaUniversidad Autónoma de MadridThe minimum wage establishment has its origin in the first third of the last century. Since its creation has been a focus of continuing controversy and an unfinished debate on economics field. This work reviews the effects of the minimum wage on employment and other macroeconomic variables, from both theoretical and empirical perspectives. The method is based on the revision of the literature and the main economic indicators. The central contribution of this paper is providing a general reflection on theoretical and empirical analysis about the debate on minimum wage and its effects. The results showed that some labor policies are taking account the effects of austerity strategies, shifting the attention towards the implementation of minimum wages or their updating, in order to reduce the growing inequalities in the distribution of income, and even poverty levels.http://www.ejge.org/index.php/ejge/article/view/132/76political economyminimum wageemploymenteconomic inequality |
| spellingShingle | Santos Miguel Ruesga-Benito Fernando Ignacio González-Laxe Jose Picatoste The debate on the economic effects of minimum wage legislation European Journal of Government and Economics political economy minimum wage employment economic inequality |
| title | The debate on the economic effects of minimum wage legislation |
| title_full | The debate on the economic effects of minimum wage legislation |
| title_fullStr | The debate on the economic effects of minimum wage legislation |
| title_full_unstemmed | The debate on the economic effects of minimum wage legislation |
| title_short | The debate on the economic effects of minimum wage legislation |
| title_sort | debate on the economic effects of minimum wage legislation |
| topic | political economy minimum wage employment economic inequality |
| url | http://www.ejge.org/index.php/ejge/article/view/132/76 |
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