Open AccessOn the peculiar relevance of a fundamental dilemma of minimum-wage regulation in post-socialism – apropos of an international investigation
Author(s) -
István R. Gábor
Publication year - 2010
Publication title -
corvinus journal of sociology and social policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.127
H-Index - 4
eISSN - 2062-087X
pISSN - 2061-5558
DOI - 10.14267/cjssp.2010.02.04
Subject(s) - earnings , dilemma , economics , position (finance) , relevance (law) , wage , interpretation (philosophy) , minimum wage , distribution (mathematics) , labour economics , socialism , political science , finance , law , mathematical analysis , philosophy , communism , mathematics , epistemology , politics , computer science , programming language
To the extent minimum-wage regulation is effective in fighting against excessive earnings handicaps of those at the lower end-tail of earnings distribution, it may have the side-effect of worsening their employment prospects. A demand-and-supply interpretation of data on the relative employment rate and earnings position of the least educated in the EU27 suggests that the resulting dilemma might be particularly relevant for minimum-wage policies in post-socialist countries.