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1

The employment consequences of the 2001 rise in the minimum wage

100%
Kertesi G., Kollo J.
Kozgazdasagi Szemle (Economic Review)
|
2004
|
vol. 51
|
issue 4
293-324
EN
The Hungarian government increased the minimum wage from HUF 25,500 to HUF 40,000 in January 2001. One year later, the wage floor rose further to HUF 50,000. The paper looks at the short-run impact of the first hike on small-firm employment and flows between employment and unemployment. It finds that the hike significantly increased labour costs and reduced employment in the small-firm sector and adversely affected the job-retention and job-finding chances for low-wage workers. While the conditions for a positive employment effect were mostly met in depressed regions, the spatial inequalities were amplified, rather than reduced by the measure.
2
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The minimum wage impact on employment levels in Poland

100%
Ruzik A.
Polityka Społeczna
|
2007
|
vol. 34
|
issue 1(394)
5-9
EN
The study is focused on an impact of the minimal wage changes on employment in Poland in years 2002-2003. It starts with the review of both theoretical and empirical literature for different countries. Then individual data from the labour force survey was used to show impact of different variables on probability of outflow from employment. The results of the research show that among others increase in the minimum wage could be significant for an increase in probability of loosing job in the described period.
3

The effects of the 2000-20001 minimum-wage rise on income distribution

100%
Szabo A. P.
Kozgazdasagi Szemle (Economic Review)
|
2007
|
vol. 54
|
issue 5
397-414
EN
The statutory minimum wage in Hungary rose by 57 per cent in 2001 and 25 per cent in 2002. Previous work on the effects has concentrated mainly on employment rather than redistributive aspects. This study examines where those affected by the increases are located in the income-distribution structure and how their positions have changed with the rises in the minimum wage. It was found that more than a half belong to the upper three income quintiles, so that minimum-wage earners cannot be identified with the poor, although the calculations showed that the majority appeared indeed to earn the minimum wage. The increases had a positive effect on the incomes of minimum wage earners, especially those in poorer households. The losers by the increases were those in the topmost income quintile and those made redundant, most of the latter being poor.
4

INTERREGIONAL DIFFERENTIATION OF THE WAGE LEVEL: FACTORS AND ADJUSTING TRENDS (Mizhrehionalna dyferentsiatsiia zarobitnoi platy: chynnyky ta napriamy rehuliuvannia)

100%
Tkachenko L. H.
Rehionalna ekonomika
|
2009
|
issue 3(53)
159-168
EN
The degree and factors of the salary differentiation in the regions of Ukraine has been analyzed and the ways of its adjusting have been offered.
5

The budgetary effects of the minimum wage

100%
Halpern L., Koren M., Korosi G., Vincze J.
Kozgazdasagi Szemle (Economic Review)
|
2004
|
vol. 51
|
issue 4
325-345
EN
Raising the minimum wage on the labour market has direct effects on supply and demand. But its indirect effects extend beyond the labour market. They are analysed here with a macro model that distinguishes three types of work and ten industries, whose firms differ in their price structures and the degrees to which tax and social-insurance payments are avoided. Raising the minimum wage generates tension on the labour market and reduces employment of the unskilled. Since the price level rises faster than average pay and aggregate employment falls, so does real consumption. The firms' profits and investment decline, but the former can be offset even by a small increase in tax avoidance. Although the rise in the minimum wage boosts tax revenues, budgetary expenditures rise more and the balance deteriorates. Advocates of a higher minimum wage need to consider these consequences if they are to reach a responsible decision.
6

Problemy vyznachennya minimal'noyi zarobitnoyi platy v Ukrayini

88%
Sotnyk I. M., Karpishchenko O. I., Yakushko T. V.
Mekhanizm Rehuluvannya Economiky
|
2017
|
vol. 2(76)
24-39
EN
This paper investigates current conditions, problems and ways of improving minimum wage formation in Ukraine. The concept and role of minimum wage in the economy as well as the dynamics of nominal and real minimum wage levels were considered. Based on international comparisons and comprehensive analysis of the dynamics of minimum wage, consumer basket and cost of living in Ukraine, it is substantiated the close economic relationship between these indicators. The results of investigation of key economic indicators concerning wages and life quality allowed offering a number of recommendations to improve the mechanisms for determining minimum wage in Ukraine. The proposed improvements are based on a comprehensive assessment of consequences of unjustified minimum wage increase and take into account the experience of the development countries in this field.
7

Political Reforms Based on Human Capital Research Programme

75%
Dobija M.
Argumenta Oeconomica Cracoviensia
|
2012
|
issue 8
9-29
EN
The aim of this paper is to introduce a political programme of reforms stemming from human capital research conducted over more than 15 years. Recognition of the abstract nature of capital has made alternative research possible. Human capital ‒ the human ability to do work ‒ is under the authority of all fundamental laws established in respect of the general notion of capital as spontaneous, and possessing random diffusion and limited growth. The phenomenon of human capital’s natural dispersion is a starting point for the theory of the minimum wage, which ought to be sufficient to counterbalance the natural thinning out of the initial human capital of an employee. The essence of the money economy reveals an abstract triad: capital – labour – money, where capital is the ability to do work, labour is the transfer of capital to products, and wages receivable correctly defines money earned by employees. The only proper money creating process is through labour. Money is a certification of work done; therefore labour is always self-financing. Using this theoretical framework, governments can eliminate budget deficits, and reduce direct taxes and unemployment while avoiding inflation. If the compensation paid in the public sector comes from the funds collected by taxation, then the economy works as a scarcity machine. In the reshaped economic system, the Central Bank directly transfers salaries earned by the public sector employees to their bank accounts. The budgets are then balanced, the direct taxes are limited, and the public debt no longer grows. The modern equation of exchange involves labour productivity as a fundamental economic ratio.
8

Makroekonomichna dylema mizh produktyvnistyu pratsi y zarobitnoyu platoyu

75%
Sabadash V. V., Chervyatsova Y. V.
Mekhanizm Rehuluvannya Economiky
|
2012
|
vol. 4 (58)
175-183
EN
The paper critically analyzes the main approaches to remuneration (in the context of world and national experience and practice) investigated the minimum wage, their correlation with subsistence and household consumer basket. Based on the global and national experience different approaches to software productivity and corresponding systems of remuneration, defined dependence (correlation) between productivity and wages.
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