The Impact Of Minimum Wages On Income Inequality In The Eu

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The Impact of Minimum Wages on Income Inequality in the EU

Author : Stefano Filauro
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis The Impact of Minimum Wages on Income Inequality in the EU by : Stefano Filauro

Download or read book The Impact of Minimum Wages on Income Inequality in the EU written by Stefano Filauro and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of studies documents that minimum wage policies have the potential to reduce income inequality. The recently adopted EU Commission's proposal for a Directive on adequate minimum wages was supported by a detailed analysis of the social impacts of hypothetical minimum wage levels in countries with a statutory minimum wage. This paper extends these country-level analyses by exploring the impact of minimum wage policies on EU-level income inequality. To our knowledge, this is the first study that uses a microsimulation model such as EUROMOD to assess the impact of EU-promoted policies on the distribution of income in the EU, beyond their national effects. Assuming no employment effects, static simulation results show that a hypothetical minimum wage corresponding to 60% of the national median wage would bring about a small but significant reduction in EU-level disposable income inequality (by 0.75% in 2019 as measured through the Gini index). This result stems primarily from a reduction in the within-country component of income inequality as the effect on inequality between countries is rather muted. The reduction in EU-level income inequality is the highest in disposable incomes, but some reduction is detectable also in market incomes. In turn, the withdrawal of social benefits because of higher minimum wages seems to neutralise part of this inequality reduction.

Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe

Author : Maarten van Klaveren
Publisher : Springer
ISBN 13 : 1137512423
Total Pages : 394 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe by : Maarten van Klaveren

Download or read book Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe written by Maarten van Klaveren and published by Springer. This book was released on 2015-06-09 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a labour perspective on wage-setting institutions, collective bargaining and economic development. Sixteen country chapters, eight on Asia and eight on Europe, focus in particular on the role and effectiveness of minimum wages in the context of national trends in income inequality, economic development, and social security.

Wage and Income Inequality in the European Union

Author : Christian Dreger
Publisher :
ISBN 13 : 9789282363188
Total Pages : 423 pages
Book Rating : 4.3/5 (631 download)

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Book Synopsis Wage and Income Inequality in the European Union by : Christian Dreger

Download or read book Wage and Income Inequality in the European Union written by Christian Dreger and published by . This book was released on 2014 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, provided by Policy Department A for the Committee on Employment and Social Affairs, summarises the results of the project "Wage Dispersion in the European Union". It has three objectives: first, to describe the recent evolution of wage dispersion across EU member states using different definitions of labour earnings and inequality measures; second, to analyse the relationship between wage dispersion and labour market institutions related to collective bargaining and minimum wages taking into account recent policy reforms; and, last, to evaluate the impact of changes in wage inequality on overall income distribution in the EU.

Cross-Country Report on Minimum Wages

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484388836
Total Pages : 45 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Cross-Country Report on Minimum Wages by : International Monetary Fund. European Dept.

Download or read book Cross-Country Report on Minimum Wages written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-06-15 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a cross-country report on minimum wages. In the past few years, many countries in Central Eastern and Southeastern Europe (CESEE) have increasingly turned to minimum wage policies. Throughout the region, statutory minimum wages had been in place at least since the early 1990s, but they were typically set at relatively moderate levels and affected relatively few workers. Minimum wages have risen sharply relative to both average wages and labor productivity. Minimum wages often affect relatively more workers in CESEE than in Western Europe. Governments are the key players in the minimum wage determination in CESEE countries.

A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances

Author : Ms.Enrica Detragiache
Publisher : International Monetary Fund
ISBN 13 : 1513545078
Total Pages : 46 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances by : Ms.Enrica Detragiache

Download or read book A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances written by Ms.Enrica Detragiache and published by International Monetary Fund. This book was released on 2020-05-22 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hypothetical European Minimum Wage (MW) set at 60 percent of each country’s median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits may erode direct benefits. Turning to competitiveness, since the MW increase to reach the European standard would be larger in euro area countries with excessive external surpluses, the associated real appreciation should help curb existing imbalances. However, a few countries with already weak external positions would experience an undesirable real appreciation.

Inequality in the Developing World

Author : Carlos Gradín
Publisher : Oxford University Press
ISBN 13 : 0198863969
Total Pages : 373 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Inequality in the Developing World by : Carlos Gradín

Download or read book Inequality in the Developing World written by Carlos Gradín and published by Oxford University Press. This book was released on 2021 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries - Brazil, China, India, Mexico, and South Africa.

Analysis of minimum wage regimes across Europe

Author :
Publisher : GRIN Verlag
ISBN 13 : 3656158223
Total Pages : 17 pages
Book Rating : 4.6/5 (561 download)

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Book Synopsis Analysis of minimum wage regimes across Europe by :

Download or read book Analysis of minimum wage regimes across Europe written by and published by GRIN Verlag. This book was released on 2012-03-23 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2011 in the subject Politics - Topic: European Union, University of Münster, language: English, abstract: 1. Definition of a “minimum wage” 2. How many countries do have a minimum wage regime across Europe? 3. How high are minimum wages across Europe? 4. Is there a trend towards the minimum wage across Europe? 5. The importance of minimum wages across Europe/ To how many people does a minimum wage apply across Europe? 6. Is the eastern European expansion of the EU a reason for the introduction of minimum wages across Europe? 7. Is a minimum wage regime favourable in economic and social terms? 8. Is there a legal right to gain a sufficient remuneration – a minimum wage? 9. How could a European perspective of a minimum wage regime look like? 10.Are there alternatives to a minimum wage? Further reading

Low-wage Employment in Europe

Author : Wiemer Salverda
Publisher : ACCO
ISBN 13 : 9033456192
Total Pages : 194 pages
Book Rating : 4.0/5 (334 download)

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Book Synopsis Low-wage Employment in Europe by : Wiemer Salverda

Download or read book Low-wage Employment in Europe written by Wiemer Salverda and published by ACCO. This book was released on 2005 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Raising Lower-Level Wages

Author : Tomas Hellebrandt
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327085
Total Pages : 48 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Raising Lower-Level Wages by : Tomas Hellebrandt

Download or read book Raising Lower-Level Wages written by Tomas Hellebrandt and published by Peterson Institute for International Economics. This book was released on 2015-04-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers' wages, and especially the struggles of lower-skilled workers at the -bottom end of the wage scale. While Washington deliberates legislation raising the minimum wage, a number of major American employers—for example, Aetna and Walmart—have begun to voluntarily raise the pay of their own lowest-paid employees. In this collection of essays, economists from the Peterson Institute for International Economics analyze the potential benefits and costs of widespread wage increases, if adopted by a range of US private employers. They make this assessment for the workers, the companies, and for the US economy as a whole, including such an initiative's effects on national competitiveness. These economists conclude that raising the pay of many of the lowest-paid US private-sector workers would not only reduce income inequality but also boost overall productivity growth, with likely minimal effect on employment in the current financial context. "It is possible to profit from paying your employees well…and increasing lower-paid workers' wages is the way forward for the United States," argues Adam S. Posen in his lead essay (reprinted from theFinancial Times). Justin Wolfers and Jan Zilinsky argue that higher wages can encourage low-paid workers to be more productive and loyal to their employers and coworkers, reducing costly job turnover and the need for supervision and training of new workers. Tomas Hellebrandt estimates that if all large private sector corporations in the United States outside of sectors that intensively use low-skilled labor increased wages of their low-paid workers to $16 per hour, the pay of 6.2 percent of the $110 million private-sector workers in the United States would increase on average by 38.6 percent. The direct cost to employers would be $51 billion, only around 0.3 percent of GDP. Jacob Kirkegaard and Tyler Moran explore the experience of employers in other advanced countries, with its implications for international competitiveness, and Michael Jarand assesses the impact of a wage increase on the near-term development of the US macroeconomy. Data disclosure: The data underlying the figures in this analysis are available for download in links listed below.

Globalization and Income Inequality

Author : Thomas Harjes
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Globalization and Income Inequality by : Thomas Harjes

Download or read book Globalization and Income Inequality written by Thomas Harjes and published by International Monetary Fund. This book was released on 2007-07 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data may tell little about the underlying distribution of incomes based on household disposable incomes. While summary measures of income distributions also suggest that inequality has increased in most industrialized countries, this development was very uneven and much less pronounced in euro-area countries, suggesting that broad phenomena such as trade liberalization and technological change may not be major drivers of inequality.

What Does the Minimum Wage Do?

Author : Dale Belman
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880994568
Total Pages : 489 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis What Does the Minimum Wage Do? by : Dale Belman

Download or read book What Does the Minimum Wage Do? written by Dale Belman and published by W.E. Upjohn Institute. This book was released on 2014-07-07 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.

Europe's Disappearing Middle Class?

Author : Daniel Vaughan-Whitehead
Publisher : Edward Elgar Publishing
ISBN 13 : 1786430606
Total Pages : 667 pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis Europe's Disappearing Middle Class? by : Daniel Vaughan-Whitehead

Download or read book Europe's Disappearing Middle Class? written by Daniel Vaughan-Whitehead and published by Edward Elgar Publishing. This book was released on 2016-10-28 with total page 667 pages. Available in PDF, EPUB and Kindle. Book excerpt: While recent studies have highlighted the phenomenon and risks of increased inequalities between the top and the bottom of society, little research has so far been carried out on trends relating to the median income range that generally represents the middle class. This volume examines the following questions: what are the main transformations in the world of work over the last 20 years in terms of the labour market, social dialogue, and conditions of work, wages and incomes that may have affected the middle class? How has the middle class been altered by the financial and economic crisis? What are the long-term trends for the middle class in Europe?

Minimum Wages in Central and Eastern Europe

Author : Guy Standing
Publisher : Central European University Press
ISBN 13 : 9633864879
Total Pages : 186 pages
Book Rating : 4.6/5 (338 download)

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Book Synopsis Minimum Wages in Central and Eastern Europe by : Guy Standing

Download or read book Minimum Wages in Central and Eastern Europe written by Guy Standing and published by Central European University Press. This book was released on 1995-06-01 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1980s, incomes have fallen sharply in most countries of Central and Eastern Europe, while unemployment and poverty rates have risen dramatically. In most countries during that period, the statutory minimum wage has been supposed to be an anchor of the social protection system and the wage structure, protecting the low-paid and those dependent on state benefits. Unfortunately for those affected, the level of the minimum wage has been allowed to drop to well below the "poverty level" and has ceased to protect anyone. This book considers the evidence and the implications of this development, and recommends a series of reforms.

Mind the Gap

Author :
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (951 download)

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Book Synopsis Mind the Gap by :

Download or read book Mind the Gap written by and published by . This book was released on 2012 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Minimum Wages and the European Union. Options for a common strategy

Author : Katharina Hauck
Publisher : GRIN Verlag
ISBN 13 : 3668266409
Total Pages : 22 pages
Book Rating : 4.6/5 (682 download)

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Book Synopsis Minimum Wages and the European Union. Options for a common strategy by : Katharina Hauck

Download or read book Minimum Wages and the European Union. Options for a common strategy written by Katharina Hauck and published by GRIN Verlag. This book was released on 2016-07-25 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Economic Policy, grade: 1,3, University of Applied Sciences Bielefeld (Wirtschaft und Gesundheit), course: Economics, language: English, abstract: The EU countries are by far not equal when it comes to wage distribution. The types of minimum wages, their calculation and levels vary immensely. A percentage of the median national monthly wage of each member state would consider these differences. Moreover, all the stakeholders – governments, NGOs, trade unions and citizens – need to be involved in the implementation process. The central questions of this paper are the following: Would a European Minimum Wage be beneficial for the people? What is necessary for the implementation of a European Minimum Wage and how should it be set up? To answer these questions, concrete possibilities for the enforcement of a European Minimum Wage will be elaborated. Therefore, prevailing minimum wage regulations and their outcomes need to be presented, as well as related EU mechanisms which would enable the development. First, general aspects of minimum wages will be discussed, followed by the status quo in the EU member countries concerning the degree of coverage, levels and trends. There are various EU institutions that could support and enhance the process of creating a European Minimum Wage: The most relevant ones will be introduced here. Furthermore, necessities that a European Minimum Wage should comply with are pointed out, as well as possible implementations with respect to those. In a conclusion, the most important outcomes will be emphasized. As national minimum wages are becoming more and more popular in the member states, there has been an ongoing discussion on whether the EU should set up a European policy and how this could look like. In 2006, Jean-Claude Juncker, former prime minister of Luxembourg and nowadays President of the European Council, claimed “the creation of a European Minimum Wage” in a speech on the conference of German Catholics. 1993, the member states were requested to “take appropriate measures to ensure that the right to an equitable wage is protected” (European Trade Union, 1993) by the European Commission. Only because some countries neglected the mention of wages in the “Charter of Fundamental Rights in the European Union”, there is no direct engagement of the EU in national wage policies yet.

Europe's Income, Wealth, Consumption, and Inequality

Author : Georg Fischer
Publisher : International Policy Exchange
ISBN 13 : 019754570X
Total Pages : 617 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis Europe's Income, Wealth, Consumption, and Inequality by : Georg Fischer

Download or read book Europe's Income, Wealth, Consumption, and Inequality written by Georg Fischer and published by International Policy Exchange. This book was released on 2021 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe's Income, Wealth, Consumption, and Inequality offers a novel approach to the analysis of social and economic trends, and the resulting book identifies major policy challenges applicable in the EU and beyond. Georg Fischer, Robert Strauss, and their contributors focus on explaining how policy makers and the media focus on national trends to measure progress among the nations in Europe.

The Minimum Wage Revisited in the Enlarged EU

Author : Daniel Vaughan-Whitehead
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 560 pages
Book Rating : 4.:/5 (9 download)

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Book Synopsis The Minimum Wage Revisited in the Enlarged EU by : Daniel Vaughan-Whitehead

Download or read book The Minimum Wage Revisited in the Enlarged EU written by Daniel Vaughan-Whitehead and published by Edward Elgar Publishing. This book was released on 2010 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses minimum wage developments in the last ten years or so in 14 of the EU-27 countries and in Turkey. Considers the role of increased mobility of goods and services, capital and labour, and the issue of harmonization between individual member States.