Do Minimum Wage Changes Influence Employment?

Article Sidebar

PDF
Published Sep 29, 2017

Main Article Content

Renatá Vokorokosová
Technical University of Košice, Faculty of Economics, Department for Banking and Investment, Slovakia

Abstract

Greater number of foreign working studies does confirm the theoretical assumption that minimum wage increases negatively change the amount of employed people. Contrary to these, there is, however, a completely different persuasion on this issue among some economists. This article picks out minimum wage as an important part of employment research investigating two files; the number of working people aged 15 – 64 and all working labours.

Article Details

Issue
Vol 43 No 1-2 (2010): Economic Analysis
Section
Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Once the manuscript is accepted for publication, authors shall transfer the copyright to the publisher. If the submitted manuscript is not accepted for printing by the journal, the authors shall retain all their rights. The following rights on the manuscript are transferred to the publisher, including any supplementary materials and any parts, extracts or elements of the manuscript:

  • the right to reproduce and distribute the manuscript in printed form, including print-on-demand;
  • the right to print prepublications, reprints and special editions of the manuscript;
  • the right to translate the manuscript into other languages;
  • the right to reproduce the manuscript using photomechanical or similar means including, but not limited to photocopy, and the right to distribute these copies;
  • the right to reproduce and distribute the manuscript electronically or optically using and all data carriers or storage media, and especially in machine readable/digitalized form on data carriers such as hard drive, CD-ROM, DVD, Blu-ray Disc (BD), Mini Disc, data tapes, and the right to reproduce and distribute the article via these data carriers;
  • the right to store the manuscript in databases, including online databases, as well as the right to transmit the manuscript in all technical systems and modes;
  • the right to make the manuscript available to the public or to closed user groups on individual demand, for use on monitors or other readers (including e-books), and in printable form for the user, either via the Internet, online service, or via internal or external networks.

References

Barošová, M. 2008: Fungovanie a vývoj minimálnej mzdy v Slovenskej republike. FÓRUM SOCIÁLNÍ POLITIKY 5/2008.
Brown, Ch. - Gilroy, C. - Kohen, A. 1981: Effects of the Minimum Wage on Employment and Unemployment. Journal of Economic Literature. Vol. XX.
Brown, Ch. - Gilroy, C. - Kohen, A. 1983: Time-Series Evidence of the Effect of the Minimum Wage on Youth Employment, Journal of Human Resources. .
Card, D. - Krueger, A. 1994: Minimum wages and employment: A case study of the fast-food industry in New Jersey and Pennsylvania. American Economic Review.
Domonkos,T. – Pániková, L. 2007: Analýza a modelovanie dopytu po práci v podmienkach slovenskej ekonomiky. INFOSTAT, Bratislava.
Eriksson, T. – Pytlikova, M. 2004: Firm-level Consequences of Large Minimum-wage Increases in the Czech and Slovak Republics. Labour, Vol. 18, No. 1.
Hatrák, M. 2007: Ekonometria. Bratislava: Iura Edition.
Neumark, D. – Wascher, W. 1992: Employment effects of Minimum and subminimum wages: Panel Data on State Minimum Wage Laws. Industrial and Labour Relations Review, Vol. 46, No. 1.
OECD 1998: Statutory Minimum Wages, Employment and Poverty. OECD Employment Outlook.
Puchá, N. 2005: Komparatívne a konkurenčné výhody v novej ekonomike. In: Zborník príspevkov zo 4. Medzinárodnej doktorandskej konferencie: Ekonomické, politické a právne otázky medzinárodných vzťahov. Ekonomická univerzita Bratislava, Fakulta Medzinárodných vzťahov.
Ragan, J. 1977: Minimum wages and the youth labour market. Review of Economics and Statistic 59.
Samson, Š. 2008: Dejiny ekonomických teórií – Ekonomické myslenie v predhistórii, klasická a neoklasická ekonómia. Košice: Elfa.
Vokorokosová, R. 2008: Minimálna mzda a konkurencieschopnosť. Košice: Elfa.
Welch, F. 1976: The minimum wage legislation in the United States. Evaluating the labour market effects of social programs, Princeston University.
Zavodny, M. 1998: Why Minimum Wage Hikes May Not Reduce Employment. Federal Reserve Bank of Atlanta. Economic Review, Q2.
Law on Minimum Wage in Slovakia (current version of Minimum Wage Law)
www.wikipedia.com
www.statistics.sk
Longman Dictionary of Contemporary English, 1978.