data between 1982 and 2000. By examining the effects on wages, employment and prices together we are able to provide an … wage raises wages and prices with small adverse employment effects. This suggests a general wage-price inflationary spiral …, where persistent inflation offsets some of the wage gains. The main policy implication deriving from these results is that …

data between 1982 and 2000. By examining the effects on wages, employment and prices together we are able to provide an … wage raises wages and prices with small adverse employment effects. This suggests a general wage-price inflationary spiral …, where persistent inflation offsets some of the wage gains. The main policy implication deriving from these results is that …

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

disproportionately suffer from it. Robust results indicate that the minimum wage raises overall prices in Brazil. The resulting inflation …There is very little empirical evidence on the effects of the minimum wage on prices in the international literature …. Employment might not be affected if firms are able to pass through to prices the higher labour costs associated to a minimum wage …

. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are … wage. With employment and profits not significantly affected, higher prices is an obvious response to a minimum wage … as a policy against inequality and poverty. If the minimum wage does not cause disemployment but causes inflation, it …