Economic Aspects of Subjective Attitudes towards the German Minimum-Wage Reform

Aufsätze referiert extern - Web of Science

Alexandra Fedorets, Carsten Schröder

In: Finanzarchiv 75 (2019),4, S. 357-379

Abstract

Despite skepticism among experts about the effects of a minimum wage, there is remarkably widespread public support for such policies. Using representative survey data from 2015 and 2016, we investigate the subjective attitudes driving public support for Germany's minimum-wage reform. We find that socioeconomic characteristics and political orientations explain a minor part of the variation in attitudes, whereas beliefs that the reform will improve earnings of workers with low wages and help people to maintain or improve their overall economic situation (measured by living standards, income, hours worked, and job security) play a major role, along with experience with circumvention measures.

Alexandra Fedorets

Research Associate in the German Socio-Economic Panel study Department

Carsten Schröder

Vize-Direktor SOEP und Bereichsleitung Angewandte Panelanalysen in the German Socio-Economic Panel study Department



JEL-Classification: D71;E64;J38
Keywords: minimum-wage reform, public opinion, Public Policy
DOI:
https://dx.doi.org/10.1628/fa-2019-0005
Frei zugängliche Version: (econstor)
http://hdl.handle.net/10419/223347