The effects of monthly minimum wages on the labor market

IF 5.2 1区经济学 Q1 ECONOMICS

中国经济评论 Pub Date : 2024-11-13 DOI:10.1016/j.chieco.2024.102310

Zhengxiong Yang , Mingwei Liu , Shiwei Zhang , Chenxi Yin

引用次数: 0

Abstract

We explore the labor market impact of monthly minimum wages utilizing a model suitable for countries adopting monthly, weekly, or daily wage benchmarks. Our findings indicate that, in the absence of overtime regulations, an increase in monthly minimum wages will increase working hours and hourly wages and increase (or decrease) employment when the firm has high (or low) monopsony power. When incorporating overtime alongside its associated compensation, the implications of monthly minimum wages become contingent on the prevailing overtime premiums. We validate these assertions using microdata from China.

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月最低工资对劳动力市场的影响

我们利用一个适用于采用月、周或日工资基准的国家的模型，探讨了月最低工资对劳动力市场的影响。我们的研究结果表明，在没有加班规定的情况下，当企业具有较高或较低的垄断力量时，月最低工资的提高将增加工作时间和小时工资，并增加（或减少）就业。如果将加班费与相关报酬一并考虑，月最低工资的影响将取决于现行的加班费。我们利用中国的微观数据验证了这些论断。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

中国经济评论 ECONOMICS-

CiteScore

10.60

自引率

4.40%

发文量

380

期刊介绍： The China Economic Review publishes original works of scholarship which add to the knowledge of the economy of China and to economies as a discipline. We seek, in particular, papers dealing with policy, performance and institutional change. Empirical papers normally use a formal model, a data set, and standard statistical techniques. Submissions are subjected to double-blind peer review.