English, Article, Journal or magazine article edition: The Minimum Wage in a Deflationary Economy: The Japanese Experience, 1994|2003 Ryo Kambayashi; Daiji Kawaguchi; Ken Yamada

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Minimum Wage in a Deflationary Economy: The Japanese Experience, 1994|2003
Author
  • Ryo Kambayashi
  • Daiji Kawaguchi
  • Ken Yamada
Physical Description
  • preprint
Notes
  • The median wage in Japan has fallen nominally since 1999 due to a severe recession, while the statutory minimum wage has steadily increased over the same period. We used large micro-data sets from two government surveys to investigate how the minimum wage has affected wage distribution under the unusual circumstances of deflation. The compression of the lower tail of female wage distribution was almost completely explained by the increased real value of the minimum wage. The steady increases in the effective minimum wage reduced employment among low-skilled, young and middle-aged female workers, but the mechanical effect associated with disemployment on wage compression was minimal.
  • Minimum Wage, Wage Distribution, Employment, Deflation, Japan
  • RePEc:hst:ghsdps:gd09-074
Language
  • English
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