Statutory Minimum Wages in the EU: Institutional Settings and Macroeconomic Implications
Alfonso Arpaia (),
Kristine Van Herck and
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Pedro Cardoso: European Commission, Directorate Employment, Social Affairs and Inclusion
Kristine Van Herck: European Commission, Directorate Employment, Social Affairs and Inclusion
No 124, IZA Policy Papers from Institute of Labor Economics (IZA)
This paper analyses some macroeconomic implications of the statutory minimum wage in the member states of the European Union and assesses how its institutional design influences these outcomes. First, the paper looks at the institutional dimensions of statutory minimum wage setting. On the basis of this information, an indicator of institutional stringency is built to characterise the degree of predictability of minimum wage setting. Second, it explores the impact of minimum wage changes on employment, prices, consumption, and poverty.
Keywords: minimum wage; statutory minimum wage; composite indicator; poverty; in-work poverty; European Union (search for similar items in EconPapers)
JEL-codes: J38 J52 E24 I32 (search for similar items in EconPapers)
Pages: 49 pages
New Economics Papers: this item is included in nep-eec, nep-lab, nep-law and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izapps:pp124
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