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How do firms adjust to rises in the minimum wage? Survey evidence from Central and Eastern Europe
IZA Journal of Labor Policy Pub Date : 2018-11-27 , DOI: 10.1186/s40173-018-0104-x
Katalin Bodnár , Ludmila Fadejeva , Stefania Iordache , Liina Malk , Desislava Paskaleva , Jurga Pesliakaitė , Nataša Todorović Jemec , Peter Tóth , Robert Wyszyński

AbstractᅟWe study the transmission channels for rises in the minimum wage using a unique firm-level dataset from eight Central and Eastern European countries. Representative samples of firms in each country were asked to evaluate the relevance of a wide range of adjustment channels following specific instances of rises in the minimum wage during the recent post-crisis period. The paper adds to the rest of literature by presenting the reactions of firms as a combination of strategies and evaluates the relative importance of those strategies. Our findings suggest that the most popular adjustment channels are cuts in non-labour costs, rises in product prices, and improvements in productivity. Cuts in employment are less popular and occur mostly through reduced hiring rather than direct layoffs. Our study also provides evidence of potential spillover effects that rises in the minimum wage can have on firms without minimum wage workers.JEL ClassificationsD22, E23, J31

中文翻译:

企业如何适应最低工资的上涨?来自中欧和东欧的调查证据

摘要ᅟ我们使用来自八个中欧和东欧国家的独特公司级数据集研究了最低工资上涨的传递渠道。在最近的危机后时期内,在最低工资有所上涨的特定情况下,要求每个国家的公司代表性样本评估各种调整渠道的相关性。本文通过将企业的反应作为策略的组合来介绍,并补充了其他文献,并评估了这些策略的相对重要性。我们的研究结果表明,最受欢迎的调整渠道是削减非人工成本,提高产品价格以及提高生产率。裁员不那么普遍,主要是因为裁员而不是直接裁员。
更新日期:2018-11-27
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