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year and the NMW shapes the timing of industry-level wage bargaining. Inflation but also changes in past aggregate wage … macro variables are 0.6, 0.4 and 0.3 respectively. Inflation and the NMW have both decreasing but positive effects all along …
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wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects … of the introduction and subsequent uprating of the minimum wage on the prices of UK goods and services, comparing the … prices of goods produced by industries in which UK minimum wage workers make up a substantial share of total costs with the …
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This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper … effect on both city-level inflation and spending growth over the years following the change. The most noticeable effects are …
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This paper focuses on the role of minimum wages, tax and benefit policies in protecting workers against financial poverty, covering 21 European countries with a national minimum wage and three US States (New Jersey, Nebraska and Texas). It is shown that only for single persons and only in a...
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