Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/125434 
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 211 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2015
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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.
Subjects: 
minimum wages
wage setting
expert body
JEL: 
E24
J38
J88
Persistent Identifier of the first edition: 
Document Type: 
Article

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