engleski

Can Minimum Wage eliminate Poverty? Case Study of Croatian and Slovenian Labour Market

The paper examines the relation between the minimum wage and the at-the-risk-of-poverty rate, with special emphasis on female workers in Croatian and Slovenian labour market. Women are selected because of their large share among minimum wage recipients. The empirical analysis applies the panel regression model using the data between 2005 and 2014. Results indicate a weak negative relation between minimum wage and at-risk-of-poverty rate of employed women. This implies that the minimum wage policy makers need to carefully plan their decisions as well as to actively engage in a joint dialog among labour market stakeholders on the social nature of minimum wage, especially in relation to poverty, and its limitations.

minimum wage; poverty; at-risk poverty rate; social policy; women

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