Economics, Econometrics and Finance
2 years ago

Minimum wage policies delay wage adjustments, leading to higher wage changes.

1 view
Labour Economics
How do wage setting institutions affect wage rigidity? Evidence from French micro data
Erwan Gautier, Sébastien Roux, Milena Suarez Castillo

Paper Summary

The study looked at how minimum wage laws affect how quickly and by how much wages change in France. They found that minimum wage laws make it take longer for wages to adjust after a change, but when they do change, they change by a lot. Minimum wages also make wages respond more to past inflation. The national minimum wage has a big impact on wages in different sectors.

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