Minimum Wage in a Deflationary Economy: The Japanese Experience, 1994-2003

Minimum Wage in a Deflationary Economy: The Japanese Experience, 1994-2003

The statutory minimum wage in Japan has increased continuously for a few decades until the early 2000s even during a period of deflation. This paper examines the impact of the minimum wage on wage and employment outcomes under this unusual circumstance. We find that the minimum-wage increase resulte...

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Bibliographic Details
Main Authors: KAMBAYASHI, Ryo, KAWAGUCHI, Daiji, YAMADA, Ken
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
Subjects:
minimum wage
wage inequality
employment loss
truncated distribution
deflation
Asian Studies
Labor Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1228
https://ink.library.smu.edu.sg/context/soe_research/article/2227/viewcontent/Minimum_Wage_in_a_Deflationary_Economy__The_Japanese_Experience.pdf
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Institution: Singapore Management University
Language: English
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