Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125434
Authors: 
Dickens, Richard
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 211
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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