Cross-Country Report on Minimum Wages: Selected Issues

June 15, 2016

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Format: Chicago

Cross-Country Report on Minimum Wages: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper provides a cross-country report on minimum wages. In the past few years, many countries in Central Eastern and Southeastern Europe (CESEE) have increasingly turned to minimum wage policies. Throughout the region, statutory minimum wages had been in place at least since the early 1990s, but they were typically set at relatively moderate levels and affected relatively few workers. Minimum wages have risen sharply relative to both average wages and labor productivity. Minimum wages often affect relatively more workers in CESEE than in Western Europe. Governments are the key players in the minimum wage determination in CESEE countries.

Subject: Employment, Income distribution, Labor, Minimum wages, National accounts, Wage adjustments, Wages

Keywords: CR, Employment, Income distribution, ISCR, Minimum wage hike, Minimum wage policy, Minimum wages, Minimum-to-average wage ratio, Wage adjustments, Wage distribution, Wage growth, Wages, Western Europe

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/151
Stock No:

1EUREA2016001
ISBN:

9781475528374
ISSN:

1934-7685

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