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In view of rising wage inequality and increasing poverty, the introduction of a legal minimum wage has recently become … ineffective in reducing poverty, even if it led to a substantial increase in hourly wages at the bottom of the wage distribution … system of meanstested income support. -- minimum wage, wage distribution ; working poor ; poverty reduction ; microsimulation …
Persistent link: https://www.econbiz.de/10003726086
In view of rising wage and income inequality, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of a nationwide legal minimum wage of 7.50 € per hour on the basis of a microsimulation model which accounts...
Persistent link: https://www.econbiz.de/10003962265
We provide an analytical framework within which changes in income inequality over time are related to the pattern of income growth across the income range, and the reshuffling of individuals in the income pecking order. We use it to explain how it was possible both for "the poor" to have fared...
Persistent link: https://www.econbiz.de/10011439136