The process leading to the setting of the minimum wage so far has been fairly overlooked by economists. This paper suggests that this is a serious limitation as the setting regime contributes to explain cross-country variation in the fine-tuning of the minimum wage, hence in the way in which the...

Intro -- Preface -- Contents -- Acknowledgements -- Introduction -- Part I Major trends in wages -- 1 Growth of average wages -- 1.1 Global estimates -- 1.2 Regional estimates -- 1.3 Average wages and productivity -- 2 The wage share -- 2.1 Recent trends in national wage shares -- 2.2 Trends at...