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Full-Text Articles in International Economics
The Gettysburg Economic Review, Volume 9, Spring 2016
The Gettysburg Economic Review, Volume 9, Spring 2016
Gettysburg Economic Review
No abstract provided.
Do Living Wages Alter The Effect Of The Minimum Wage On Income Inequality?, Benjamin S. Litwin
Do Living Wages Alter The Effect Of The Minimum Wage On Income Inequality?, Benjamin S. Litwin
Gettysburg Economic Review
Anker (2006) proposed a new methodology for calculating the living wage in countries around the world. By looking at OECD nations between 2000-2010, we look to see if countries with a national minimum wage higher than this living wage value see a notable difference in the effect of the minimum wage on income inequality. Our results show that countries with the minimum wage higher than the living wage value do see lower inequality, although there is a key value of the minimum wage, at which countries start to see disemployment effects that increase inequality.