Babiak, Mykola; Chorna, Olena; Pertold-Gebicka, Barbara - 2019
In this paper, we investigate how the increase in minimum wages affect firm profitability. We focus on the firm …-level panel data in Poland, where minimum wage growth remained stable and averaged around 4 percent between 2003 and 2007 but … that the minimum wage increase contributed positively to average wages and negatively to firm profitability. Intuitively …