Political determinants of minimum wage adjustment policies: a comparative analysis of 23 OECD states
Political determinants of minimum wage adjustment policies: a comparative analysis of 23 OECD states

Summary/Abstract: The purpose of this article is to address the impact of political indicators on the minimum wage adjustment policies in 23 OECD countries. Adopting a multi-theory approach, we aim to answer the question if “minimum wage setting mechanism, nstitutionalized schedule of minimum wage adjustment, unionization rate, party ideology of the governments, and social welfare expenditures have impact on the minimum wages adjustment policies”? The findings show that indicators such as institutionalized schedule of minimum wage adjustment, unionization rate and social welfare expenditures have significant impact on the ‘real minimum wage adjustment’ in the selected cases.

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