期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2018
出版社：European Central Bank
摘要：We study the transmission channels for rises in the minimum wage using a unique firm-level datasetfrom eight Central and Eastern European countries. Representative samples of firms in each countrywere asked to evaluate the relevance of a wide range of adjustment channels following specific instancesof rises in the minimum wage during the recent post-crisis period. The paper adds to the rest of literatureby presenting the reactions of firms as a combination of strategies, and evaluates the relative importanceof 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 lesspopular and occur mostly through reduced hiring rather than direct layoffs. Our study also providesevidence of potential spillover effects that rises in the minimum wage can have on firms withoutminimum wage workers.
