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https://hdl.handle.net/10316/90482
Título: | Minimum wage and financially distressed firms: another one bites the dust | Autor: | Alexandre, Fernando Bação, Pedro Miguel Avelino Cerejeira, João Costa, Hélder Portela, Miguel |
Palavras-chave: | minimum wage, financially distressed firms, productivity | Data: | 24-Jul-2020 | Relatório da Série N.º: | CeBER Working Paper 2020-14; | Local de edição ou do evento: | https://www.uc.pt/en/uid/ceber/working-paper?key=657c461d | Resumo: | Since late 2014, Portuguese Governments adopted ambitious minimum wage policies. Using linked employer-employee data, we provide an econometric evaluation of the impact of those policies. Our estimates suggest that minimum wage increases reduced employment growth and profitability, in particular for financially distressed firms. We also conclude that minimum wage increases had a positive impact on firms’ exit, again amplified for financially distressed firms. According to these results, minimum wage policies may have had a supply side effect by accelerating the exit of low profitability and low productivity firms and, thus, contributing to improve aggregate productivity through a cleansing effect. | URI: | https://hdl.handle.net/10316/90482 | Direitos: | openAccess |
Aparece nas coleções: | I&D CeBER - Working Papers |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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WP_CeBER_2020-14..pdf | Minimum wage and financially distressed firms: another one bites the dust | 893.27 kB | Adobe PDF | Ver/Abrir |
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