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

• Main Authors: KAMBAYASHI, Ryo, KAWAGUCHI, Daiji, YAMADA, Ken
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2013
• 主題: minimum wage; wage inequality; employment loss; truncated distribution; deflation; Asian Studies; Labor Economics
• 在線閱讀: 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

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...