Minimum Wage as a Wage Policy Tool in Japan

Minimum Wage as a Wage Policy Tool in Japan
Author: Ms.Chie Aoyagi
Publisher: International Monetary Fund
Total Pages: 20
Release: 2016-11-28
Genre: Business & Economics
ISBN: 1475555342

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Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the planned 3 percent per year could raise wage growth by 0.5 percent annually. Given Japan’s need for income policies to generate vigorous wage-price dynanics, reflecting the 2 percent inflation target, one policy implication of this finding is that, while the minimum wage plan will help boost wages, it should be accompanied by other, more “unorthodox” income policies, such as a “soft target” for private sector wage growth through a “comply -or-explain mechanism” for wage growth and increases in public wages in line with the inflation target.

Minimum wage in Japan

Minimum wage in Japan
Author:
Publisher:
Total Pages: 106
Release: 2011
Genre:
ISBN:

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Minimum Wage in Japan

Minimum Wage in Japan
Author:
Publisher:
Total Pages: 106
Release: 2011
Genre: Minimum wage
ISBN:

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Wage Policy in Japan

Wage Policy in Japan
Author:
Publisher:
Total Pages: 46
Release: 1953
Genre: Wages
ISBN:

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The Fundamentals of Minimum Wage Fixing

The Fundamentals of Minimum Wage Fixing
Author: François Eyraud
Publisher: International Labour Organization
Total Pages: 154
Release: 2005
Genre: Business & Economics
ISBN: 9789221170143

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This manual draws on the ILO's comprehensive database containing the principal legal provisions and minimum wage fixing mechanisms in 100 countries. The minimum wage has had a long and turbulent history, and this study sheds light on its intricacies by providing a thorough overview of the institutions and practices in different countries. It outlines the main topics for debate concerning the effects of minimum wages on major social and economic variables such as employment, wage inequality, and poverty. The book considers the various procedures countries use for implementation, including the criteria employed to fix the minimum wage, and how they are linked to specific country objectives. It then measures the efficiency of the minimum wage, and focuses on its impact on employment as a major political issue. For the benefit of non-specialists, the validity of econometric models and their results are examined.

Minimum Wage in Japan

Minimum Wage in Japan
Author: Rōdō Seisaku Kenkyū Kenshū Kikō
Publisher:
Total Pages: 104
Release: 2011
Genre: Minimum wage
ISBN:

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Wage Policy in Japan

Wage Policy in Japan
Author:
Publisher:
Total Pages: 46
Release: 1953
Genre:
ISBN:

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Wages in Japan Today

Wages in Japan Today
Author: Makoto Sakurabayashi
Publisher:
Total Pages: 106
Release: 1982
Genre: Wages
ISBN:

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Global Wage Report 2020-21

Global Wage Report 2020-21
Author: INTERNATIONAL LABOUR OFFICE.
Publisher:
Total Pages: 0
Release: 2020-12-02
Genre:
ISBN: 9789220319482

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This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis