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Economic aspects of subjective attitudes towards the minimum wage reform

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Fedorets, Alexandra ; Schröder, Carsten

Deutsches Institut für Wirtschaftsforschung, Berlin

DIW - Berlin

2017

44 p.

minimum wage ; public opinion ; government policy

Germany

SOEPpapers

949

Wages and wage payment systems

http://www.diw.de/

English

Bibliogr.

"Despite some 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 recent minimum wage reform. We find that socio-economic characteristics and political orientations explain a minor part of the variation in attitudes, whereas beliefs that the reform will bring positive redistributional effects and perceptions that it will help people to maintain or improve their overall economic situation (measured by living standards, income, hours worked, and job security) play a major role."

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