POLITICAL DETERMINANTS OF MINIMUM WAGE ADJUSTMENT POLICIES: A COMPARATIVE ANALYSIS OF 23 OECD STATES.

The purpose of this article is to address the impact of political indicators on the minimum wage adjustment policies in 23 OECD countries. Adopting a multi-theory approach, we aim to answer the question if "minimum wage setting mechanism, institutionalized schedule of minimum wage adjustment, unionization rate, party ideology of the governments, and social welfare expenditures have impact on the minimum wages adjustment policies"? The findings show that indicators such as institutionalized schedule of minimum wage adjustment, unionization rate and social welfare expenditures have significant impact on the 'real minimum wage adjustment' in the selected cases. [ABSTRACT FROM AUTHOR]

Copyright of CEU Political Science Journal is the property of CEU Political Science Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)