as a policy against inequality and poverty. If the minimum wage does not cause disemployment but causes inflation, it … might hurt rather than aid the poor, who disproportionately suffer from inflation. …

large and frequent but the minimum wage has also been used as an anti-inflation policy in addition to its social role. This …

hurt rather than aid the poor. Moreover, if minimum wage increases cause inflation, they will hurt the poor further, who … disproportionately suffer from it. Robust results indicate that the minimum wage raises overall prices in Brazil. The resulting inflation … is slightly higher for the poor than for the rich in the long run, smaller in low inflation periods, and larger in poorer …

contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high … incomes experience guilt. The former seek to raise their income, and latter seek to reduce it. The greater the inflation rate …, a rise in the inflation rate leads workers to supply more labor over the contract period, generating a significant …