TY  - RPRT
A1  - Caliendo, Marco
A1  - Schröder, Carsten
A1  - Wittbrodt, Linda
T1  - The Causal Effects of the Minimum Wage Introduction in Germany
BT  - An Overview
T2  - CEPA Discussion Papers
N2  - In 2015, Germany introduced a statutory hourly minimum wage that was not only universally binding but also set at a relatively high level. We discuss the short-run effects of this new minimum wage on a wide set of socio-economic outcomes, such as employment and working hours, earnings and wage inequality, dependent and self-employment, as well as reservation wages and satisfaction. We also discuss difficulties in the implementation of the minimum wage and the measurement of its effects related to non-compliance and suitability of data sources. Two years after the minimum wage introduction, the following conclusions can be drawn: while hourly wages increased for low-wage earners, some small negative employment effects are also identifiable. The effects on aspired goals, such as poverty and inequality reduction, have not materialized in the short run. Instead, a tendency to reduce working hours is found, which alleviates the desired positive impact on monthly income. Additionally, the level of non-compliance was substantial in the short run, thus drawing attention to problems when implementing such a wide-reaching policy.
T3  - CEPA Discussion Papers - 1 
KW  - Minimum Wage
KW  - Evaluation
KW  - Earnings
KW  - Working Hours
KW  - Employment
Y1  - 2019
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-426929
SN  - 2628-653X
IS  - 1
ER  -