The effects of minimum wages on wages and employment

Costas N. Kanellopoulos
Additional contact information
Costas N. Kanellopoulos: Bank of Greece

Economic Bulletin, 2015, issue 41, 7-29

Abstract: This study analyses the relationship between minimum wages, average wages and employment in the Greek private sector throughout the past decade, using published IKA data on employment and wages, as well as data on minimum statutory wages. It appears that minimum wages affect a substantial proportion of employees in the Greek private sector, especially in certain industries and in small firms (employing less than 10 workers). The analysis shows that minimum wages affect the average wages of both males and females and that increases in minimum wages affect the employment of both genders.

Keywords: minimum wages; average wages; employment effects (search for similar items in EconPapers)
JEL-codes: J2 J3 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
https://www.bankofgreece.gr/BogEkdoseis/econbull201507.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bog:econbl:y:2015:i:41:p:7-29

Access Statistics for this article

Economic Bulletin is currently edited by Dimitris Malliaropulos

More articles in Economic Bulletin from Bank of Greece Contact information at EDIRC.
Bibliographic data for series maintained by Anastasios Rizos ().