Role of minimum wages in rebalancing the economy. Issue 1 (5th August 2013)

• Record Type: Journal Article
• Authors: Rani, Uma; Belser, Patrick; Ranjbar, Setareh
• Is Part Of: World of work report .... Issue 1(2013)
• Page Start: 45
• Page End: 74
• Publication Date: 2013-08-05
• Subjects: Minimum wages -- developing countries -- inequality -- employment -- legislation; Labor policy -- Periodicals; Labor market -- Periodicals; 331.12
• DOI: 10.1002/wow3.37
• Languages: English
• ISSNs: 2049-9272

Abstract

Abstract: Minimum wages can be a powerful tool for supporting decent work goals and can be a crucial component to the strengthening of social protection floors and poverty alleviation efforts. This paper argues that effectiveness of minimum wages depends on three aspects: first, on the legal coverage of minimum wage systems; second, the level at which minimum wages are set; and third, the ability to ensure compliance with legal minimum wage provisions, so as to ensure the goal of improving incomes and reducing inequality.