Cross-Country Report on Minimum Wages: Selected Issues

International Monetary Fund

No 2016/151, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; minimum wage hike; wage growth; minimum-to-average wage ratio; wage distribution; minimum wage policy; Minimum wages; Wages; Wage adjustments; Employment; Income distribution; Western Europe (search for similar items in EconPapers)
Pages: 45
Date: 2016-06-15
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Citations: View citations in EconPapers (1)

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