Płaca minimalna w krajach OECD. Kierunki zmian i wpływ na zatrudnienie i nierówności płacowe
Minimum wage in oecd countries: changes and impact on employment and wage inequalities

Summary/Abstract: The aim of the study is a statistical analysis of the impact of minimum wages on employment and income inequalities in OECD countries. To analyze the relationship between the minimum wages and labor market outcomes equations explaining the employment rate and wage differentials are estimated. Additionally, other key macroeconomic variables are taken into account. The parameters of mentioned equations are estimated using GLS assuming heteroscedastic and autocorrelated error term. The main conclusion of the analysis is a statistically significant impact of minimum wages on the overall employment rate. The impact of minimum wages on the youth employment rate is not confirmed. The hypothesis that the minimum wage harms those with the lowest levels of education cannot be not rejected. However, minimum wage negatively affects the relationship between wages in the ninth and the first and the fifth and the first decile group. The minimum wage impact on the relationships of wages in the upper part of wage distribution is limited.

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