IMPACT OF MINIMUM WAGE SETTING ON COMPANIES IN PORTUGAL

Dominika ?ákovská, David Hampel and Lenka Viskotová

Regional and Sectoral Economic Studies, 2024, vol. 24, issue 2, 53-70

Abstract: This paper aims to verify the relationship between minimum wage growth and company financial indicators in Portugal, in the light of the Economic Adjustment Programme. The period analysed is from 2009 to 2019, the work focuses on companies from the Accommodation, Administrative, and Food sectors. Panel regression models are estimated to test for dependencies. Significant impacts are detected especially for the indicators of companies in the Food sector. The significant role of the Economic Adjustment Programme is verified here, after the implementation of which the effects of minimum wage growth have been in line with economic expectations.

Keywords: company indicators; Economic Adjustment Programme; nominal minimum wage; performance by economic sector; Portugal (search for similar items in EconPapers)
JEL-codes: E24 G30 J31 (search for similar items in EconPapers)
Date: 2024
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