Macroeconomic Effects of Minimum Wage Increases in an Economy with Wage Underreporting
I have built a monetary DSGE model to investigate how wage underreporting in an economy characterized by a minimum wage regime affects the macroeconomic response to a minimum wage increase. The model is calibrated and estimated for Ukraine. The main result is that under a higher degree of wage under...
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2018-12-01
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| Series: | Visnyk of the National Bank of Ukraine |
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| Online Access: | http://journal.bank.gov.ua/uploads/articles/246_2.pdf |