Contents

Minimum Wage and Unemployment: Evidence from Russia

Gi Khan Ten / Wang, Shun

DC Field Value Language
dc.contributor.authorGi Khan Ten-
dc.contributor.authorWang, Shun-
dc.date.available2020-06-05T07:24:38Z-
dc.date.available2020-06-05T07:24:41Z-
dc.date.issued2020-05-
dc.identifier.urihttps://archives.kdischool.ac.kr/handle/11125/34493-
dc.description.abstractThis paper investigates the unemployment effects of the Russian minimum-wage policy. The results suggest that higher minimum wages slightly increase unemployment rates among young workers but do not affect the older workforce. The textbook theory of producer is employed to rationalize the findings, showing that the magnitude of employment responses to minimum wages is associated with the elasticity of capital-labor substitution. Moreover, industries employ more workers informally if they cannot exercise capital-labor substitution easily. In line with the revealed unemployment among youth and informalization of the economy induced by the intervention, the findings show limited income effects of the policy.-
dc.format.extent51-
dc.languageENG-
dc.publisherKDI School of Public Policy and Management-
dc.relation.isPartOfSeriesKDI School Working Paper 20-16-
dc.subjectMinimum Wage-
dc.subjectUnemployment-
dc.subjectInformality-
dc.subjectCapital-Labor Substitution-
dc.subjectRussia-
dc.titleMinimum Wage and Unemployment: Evidence from Russia-
dc.typeWorking Paper-
dc.contributor.affiliatedAuthorWang, Shun-
dc.identifier.doi10.2139/ssrn.3612515-
dc.identifier.urlhttp://ssrn.com/abstract=3612515-
dc.type.docTypeWorking Paper-
Files in This Item:

Click the button and follow the links to connect to the full text. (KDI CL members only)

qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

상단으로 이동