Jun 29, 2024
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Reallocation effects of the minimum wage
Reallocation effects of the minimum wage
Christian Dustmann, Attila Lindner, Uta Schӧnberg, Matthias Umkehrer, Philipp vom Berge 07 October 2021 Germany introduced a minimum wage in January 2015, setting it at a uniform national level of €8.50. The minimum wage cut deep into the wage distribution, with 15% of workers having earned an hourly wage below €8.50 six months before the minimum wage came into effect. The reform was triggered…
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The operation will target 1,000 businesses, and those who do not comply can face fines.
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