The Impact of the Statutory Minimum Wage Act in Saxony

Antje Schubert, Johannes Steinbrecher, Marcel Thum and Michael Weber

in ifo Dresden Studien from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: On January 1, 2015, Germany implemented a statutory minimum wage of 8.50 euros per hour. The minimum wage will be adjusted for the first time on January 1, 2017, subject to its effects on competition and employment, among other factors. Such effects are likely to be especially large in the Free State of Saxony, where the minimum wage affects a particularly large share of workers and firms. On behalf of the Chamber of Commerce and Industry Chemnitz, the Ifo Institute, Dresden Branch analysed the short-term effects of the German statutory minimum wage in the Saxon trade and industry sector.

JEL-codes: J31 L26 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ifodrs:77

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