Minimum Wage Policy : Lessons with a Focus on the ASEAN Region
As developing economies continue to mature and enter the next phase of reforms, labor market issues and key policy instruments such as the minimum wage increasingly come to the forefront. Increased globalization and wider competition compel countri...
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| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/07/18699539/minimum-wage-policy-lessons-focus-asean-region http://hdl.handle.net/10986/16687 |
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okr-10986-16687 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AVERAGE WAGE AVERAGE WAGES BARGAINING POWER BUSINESS DATA CAPITAL INVESTMENTS CIVIL SOCIETY CLERKS CODE PROVISIONS COLLECTIVE AGREEMENTS COLLECTIVE DISMISSAL COMPENSATION COMPETITIVE LABOR MARKETS COMPETITIVE MARKET CONSUMER PRICE INDEX DISMISSAL DOMESTIC WORKERS DOWNWARD WAGE PRESSURES EARNING EARNINGS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC THEORY EMPLOYABILITY EMPLOYEE EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT GENERATION EMPLOYMENT IMPACTS EMPLOYMENT LEVEL EMPLOYMENT LEVELS EMPLOYMENT OPPORTUNITIES EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT RATE EMPLOYMENT RATES FAIR LABOR STANDARDS FAMILIES FAMILY MEMBERS FEMALE LABOR FEMALE LABOR FORCE FIRM PERFORMANCE FIRM PRODUCTIVITY HOUSEHOLD CONSUMPTION HUMAN CAPITAL HUMAN DIGNITY HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INFORMAL ECONOMY INFORMAL SECTOR INFORMAL SECTOR WORKERS INSURANCE INTERNATIONAL LABOR ORGANIZATION INTERNATIONAL MARKETS JOB CREATION JOB DESTRUCTION JOB LOSS JOB TENURE JOBS LABOR CONTRACT LABOR COSTS LABOR DEMAND LABOR FORCE PARTICIPATION LABOR INSPECTORS LABOR LAW LABOR LAWS LABOR MARKET LABOR MARKET CONDITIONS LABOR MARKET INSTITUTIONS LABOR MARKET ISSUES LABOR MARKET OUTCOMES LABOR MARKET POLICY LABOR MARKET REGULATIONS LABOR MARKET RIGIDITIES LABOR MARKETS LABOR ORGANIZATION LABOR POLICIES LABOR POLICY LABOR PRODUCTIVITY LABOR REGULATION LABOR REGULATIONS LABOR STANDARD LABOR STANDARDS LABOR TURNOVER LABOR UNIONS LABOR UTILIZATION LAYOFFS LOCAL FIRMS LOCAL STAKEHOLDERS LONG-TERM UNEMPLOYMENT LOW WAGES MANPOWER MARKET WAGES MEDICAL CARE MIGRANT WORKERS MINIMUM WAGE MINIMUM WAGE LAW MINIMUM WAGE LAWS MINIMUM WAGES MONOPSONY MONOPSONY POWER MOTIVATION NOMINAL WAGES NON-WAGE COSTS OCCUPATION OCCUPATIONS PAID WORKERS PERFECT INFORMATION PERMANENT EMPLOYMENT POLITICAL ECONOMY PRIMARY OBJECTIVE PRIVATE FIRMS PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PROTECTING WORKERS SAFETY SAFETY NET SAFETY NETS SALARIES SEVERANCE SEVERANCE PAY SKILLED LABOR SKILLED WORKERS SOCIAL DEVELOPMENT SOCIAL POLICIES SOCIAL PROGRAMS SWEATSHOPS TEMPORARY EMPLOYMENT TOTAL EMPLOYMENT TRADE UNION REPRESENTATIVES TRADE UNIONS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION REPRESENTATIVES UNSKILLED WORKERS VULNERABLE WORKERS WAGE [POLICY WAGE ADJUSTMENTS WAGE BARGAINING WAGE COUNCILS WAGE DETERMINATION WAGE DISPERSION WAGE DISTRIBUTION WAGE EARNER WAGE EARNERS WAGE EFFECT WAGE FLOOR WAGE INCREASE WAGE INCREASES WAGE INEQUALITY WAGE LEVEL WAGE LEVELS WAGE POLICIES WAGE POLICY WAGE RATE WAGE RATES WAGE REDUCTIONS WAGE RIGIDITY WAGE STRUCTURE WORK EXPERIENCE WORKER WORKER PRODUCTIVITY WORKERS WORKING CONDITIONS WORKING POOR YOUNG PEOPLE YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE |
| spellingShingle |
ACCOUNTING AVERAGE WAGE AVERAGE WAGES BARGAINING POWER BUSINESS DATA CAPITAL INVESTMENTS CIVIL SOCIETY CLERKS CODE PROVISIONS COLLECTIVE AGREEMENTS COLLECTIVE DISMISSAL COMPENSATION COMPETITIVE LABOR MARKETS COMPETITIVE MARKET CONSUMER PRICE INDEX DISMISSAL DOMESTIC WORKERS DOWNWARD WAGE PRESSURES EARNING EARNINGS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC THEORY EMPLOYABILITY EMPLOYEE EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT GENERATION EMPLOYMENT IMPACTS EMPLOYMENT LEVEL EMPLOYMENT LEVELS EMPLOYMENT OPPORTUNITIES EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT RATE EMPLOYMENT RATES FAIR LABOR STANDARDS FAMILIES FAMILY MEMBERS FEMALE LABOR FEMALE LABOR FORCE FIRM PERFORMANCE FIRM PRODUCTIVITY HOUSEHOLD CONSUMPTION HUMAN CAPITAL HUMAN DIGNITY HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INFORMAL ECONOMY INFORMAL SECTOR INFORMAL SECTOR WORKERS INSURANCE INTERNATIONAL LABOR ORGANIZATION INTERNATIONAL MARKETS JOB CREATION JOB DESTRUCTION JOB LOSS JOB TENURE JOBS LABOR CONTRACT LABOR COSTS LABOR DEMAND LABOR FORCE PARTICIPATION LABOR INSPECTORS LABOR LAW LABOR LAWS LABOR MARKET LABOR MARKET CONDITIONS LABOR MARKET INSTITUTIONS LABOR MARKET ISSUES LABOR MARKET OUTCOMES LABOR MARKET POLICY LABOR MARKET REGULATIONS LABOR MARKET RIGIDITIES LABOR MARKETS LABOR ORGANIZATION LABOR POLICIES LABOR POLICY LABOR PRODUCTIVITY LABOR REGULATION LABOR REGULATIONS LABOR STANDARD LABOR STANDARDS LABOR TURNOVER LABOR UNIONS LABOR UTILIZATION LAYOFFS LOCAL FIRMS LOCAL STAKEHOLDERS LONG-TERM UNEMPLOYMENT LOW WAGES MANPOWER MARKET WAGES MEDICAL CARE MIGRANT WORKERS MINIMUM WAGE MINIMUM WAGE LAW MINIMUM WAGE LAWS MINIMUM WAGES MONOPSONY MONOPSONY POWER MOTIVATION NOMINAL WAGES NON-WAGE COSTS OCCUPATION OCCUPATIONS PAID WORKERS PERFECT INFORMATION PERMANENT EMPLOYMENT POLITICAL ECONOMY PRIMARY OBJECTIVE PRIVATE FIRMS PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PROTECTING WORKERS SAFETY SAFETY NET SAFETY NETS SALARIES SEVERANCE SEVERANCE PAY SKILLED LABOR SKILLED WORKERS SOCIAL DEVELOPMENT SOCIAL POLICIES SOCIAL PROGRAMS SWEATSHOPS TEMPORARY EMPLOYMENT TOTAL EMPLOYMENT TRADE UNION REPRESENTATIVES TRADE UNIONS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION REPRESENTATIVES UNSKILLED WORKERS VULNERABLE WORKERS WAGE [POLICY WAGE ADJUSTMENTS WAGE BARGAINING WAGE COUNCILS WAGE DETERMINATION WAGE DISPERSION WAGE DISTRIBUTION WAGE EARNER WAGE EARNERS WAGE EFFECT WAGE FLOOR WAGE INCREASE WAGE INCREASES WAGE INEQUALITY WAGE LEVEL WAGE LEVELS WAGE POLICIES WAGE POLICY WAGE RATE WAGE RATES WAGE REDUCTIONS WAGE RIGIDITY WAGE STRUCTURE WORK EXPERIENCE WORKER WORKER PRODUCTIVITY WORKERS WORKING CONDITIONS WORKING POOR YOUNG PEOPLE YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE World Bank Minimum Wage Policy : Lessons with a Focus on the ASEAN Region |
| geographic_facet |
East Asia and Pacific |
| description |
As developing economies continue to
mature and enter the next phase of reforms, labor market
issues and key policy instruments such as the minimum wage
increasingly come to the forefront. Increased globalization
and wider competition compel countries to make labor markets
more flexible so as not to hurt competitiveness. At the same
time, policymakers face pressure to rethink labor market
regulations (and social safety nets) to avoid disadvantaging
workers, especially the most vulnerable who are more prone
to employment insecurity. Evidence of the impact of minimum
wage policies in the East Asian context and in Association
of South East Asian Nations (ASEAN) countries, more
specifically remains very limited. A thorough literature
search identified only a few rigorous studies of the impact
of minimum wages on important welfare outcomes in ASEAN
countries, and some of the evidence was narrowly focused on
one sector and period or from a time when the institutional
setup and management of the policy was different from today.
Given the relevance of the minimum wage policy in ASEAN
economies, which are experiencing rapid economic growth
accompanied by rising income inequality and persistent
poverty among unskilled workers, having this evidence seems
critical. The objective of this report is to contribute to
the ongoing (and renewed) debate on the use of minimum wage
policy as a tool for addressing various socioeconomic
issues. It assumes minimum wages will remain in place, and
the analysis seeks to address knowledge gaps on the
policy's effects on worker outcomes and firm
performance in order to provide guidance to policymakers in
ASEAN countries (and similar contexts) on how to best manage
the policy. This report consists of seven chapters and is
divided into three parts. Part one focuses on the minimum
wage policy, its historical evolution, and the current
institutional context across ASEAN countries. Part two
delves into the socio-economic impacts of the minimum wage
policy on workers, households, firms, the economy, and the
ASEAN region. Part three links the findings from each
country to the ASEAN regional context and brings all the
analysis together into a policy and operational discussion. |
| format |
Economic & Sector Work :: Other Social Protection Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Minimum Wage Policy : Lessons with a Focus on the ASEAN Region |
| title_short |
Minimum Wage Policy : Lessons with a Focus on the ASEAN Region |
| title_full |
Minimum Wage Policy : Lessons with a Focus on the ASEAN Region |
| title_fullStr |
Minimum Wage Policy : Lessons with a Focus on the ASEAN Region |
| title_full_unstemmed |
Minimum Wage Policy : Lessons with a Focus on the ASEAN Region |
| title_sort |
minimum wage policy : lessons with a focus on the asean region |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/07/18699539/minimum-wage-policy-lessons-focus-asean-region http://hdl.handle.net/10986/16687 |
| _version_ |
1764434475617353728 |
| spelling |
okr-10986-166872021-04-23T14:03:32Z Minimum Wage Policy : Lessons with a Focus on the ASEAN Region World Bank ACCOUNTING AVERAGE WAGE AVERAGE WAGES BARGAINING POWER BUSINESS DATA CAPITAL INVESTMENTS CIVIL SOCIETY CLERKS CODE PROVISIONS COLLECTIVE AGREEMENTS COLLECTIVE DISMISSAL COMPENSATION COMPETITIVE LABOR MARKETS COMPETITIVE MARKET CONSUMER PRICE INDEX DISMISSAL DOMESTIC WORKERS DOWNWARD WAGE PRESSURES EARNING EARNINGS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC THEORY EMPLOYABILITY EMPLOYEE EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT GENERATION EMPLOYMENT IMPACTS EMPLOYMENT LEVEL EMPLOYMENT LEVELS EMPLOYMENT OPPORTUNITIES EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT RATE EMPLOYMENT RATES FAIR LABOR STANDARDS FAMILIES FAMILY MEMBERS FEMALE LABOR FEMALE LABOR FORCE FIRM PERFORMANCE FIRM PRODUCTIVITY HOUSEHOLD CONSUMPTION HUMAN CAPITAL HUMAN DIGNITY HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INFORMAL ECONOMY INFORMAL SECTOR INFORMAL SECTOR WORKERS INSURANCE INTERNATIONAL LABOR ORGANIZATION INTERNATIONAL MARKETS JOB CREATION JOB DESTRUCTION JOB LOSS JOB TENURE JOBS LABOR CONTRACT LABOR COSTS LABOR DEMAND LABOR FORCE PARTICIPATION LABOR INSPECTORS LABOR LAW LABOR LAWS LABOR MARKET LABOR MARKET CONDITIONS LABOR MARKET INSTITUTIONS LABOR MARKET ISSUES LABOR MARKET OUTCOMES LABOR MARKET POLICY LABOR MARKET REGULATIONS LABOR MARKET RIGIDITIES LABOR MARKETS LABOR ORGANIZATION LABOR POLICIES LABOR POLICY LABOR PRODUCTIVITY LABOR REGULATION LABOR REGULATIONS LABOR STANDARD LABOR STANDARDS LABOR TURNOVER LABOR UNIONS LABOR UTILIZATION LAYOFFS LOCAL FIRMS LOCAL STAKEHOLDERS LONG-TERM UNEMPLOYMENT LOW WAGES MANPOWER MARKET WAGES MEDICAL CARE MIGRANT WORKERS MINIMUM WAGE MINIMUM WAGE LAW MINIMUM WAGE LAWS MINIMUM WAGES MONOPSONY MONOPSONY POWER MOTIVATION NOMINAL WAGES NON-WAGE COSTS OCCUPATION OCCUPATIONS PAID WORKERS PERFECT INFORMATION PERMANENT EMPLOYMENT POLITICAL ECONOMY PRIMARY OBJECTIVE PRIVATE FIRMS PRIVATE SECTOR PRIVATE SECTOR ACTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PROTECTING WORKERS SAFETY SAFETY NET SAFETY NETS SALARIES SEVERANCE SEVERANCE PAY SKILLED LABOR SKILLED WORKERS SOCIAL DEVELOPMENT SOCIAL POLICIES SOCIAL PROGRAMS SWEATSHOPS TEMPORARY EMPLOYMENT TOTAL EMPLOYMENT TRADE UNION REPRESENTATIVES TRADE UNIONS UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION REPRESENTATIVES UNSKILLED WORKERS VULNERABLE WORKERS WAGE [POLICY WAGE ADJUSTMENTS WAGE BARGAINING WAGE COUNCILS WAGE DETERMINATION WAGE DISPERSION WAGE DISTRIBUTION WAGE EARNER WAGE EARNERS WAGE EFFECT WAGE FLOOR WAGE INCREASE WAGE INCREASES WAGE INEQUALITY WAGE LEVEL WAGE LEVELS WAGE POLICIES WAGE POLICY WAGE RATE WAGE RATES WAGE REDUCTIONS WAGE RIGIDITY WAGE STRUCTURE WORK EXPERIENCE WORKER WORKER PRODUCTIVITY WORKERS WORKING CONDITIONS WORKING POOR YOUNG PEOPLE YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE As developing economies continue to mature and enter the next phase of reforms, labor market issues and key policy instruments such as the minimum wage increasingly come to the forefront. Increased globalization and wider competition compel countries to make labor markets more flexible so as not to hurt competitiveness. At the same time, policymakers face pressure to rethink labor market regulations (and social safety nets) to avoid disadvantaging workers, especially the most vulnerable who are more prone to employment insecurity. Evidence of the impact of minimum wage policies in the East Asian context and in Association of South East Asian Nations (ASEAN) countries, more specifically remains very limited. A thorough literature search identified only a few rigorous studies of the impact of minimum wages on important welfare outcomes in ASEAN countries, and some of the evidence was narrowly focused on one sector and period or from a time when the institutional setup and management of the policy was different from today. Given the relevance of the minimum wage policy in ASEAN economies, which are experiencing rapid economic growth accompanied by rising income inequality and persistent poverty among unskilled workers, having this evidence seems critical. The objective of this report is to contribute to the ongoing (and renewed) debate on the use of minimum wage policy as a tool for addressing various socioeconomic issues. It assumes minimum wages will remain in place, and the analysis seeks to address knowledge gaps on the policy's effects on worker outcomes and firm performance in order to provide guidance to policymakers in ASEAN countries (and similar contexts) on how to best manage the policy. This report consists of seven chapters and is divided into three parts. Part one focuses on the minimum wage policy, its historical evolution, and the current institutional context across ASEAN countries. Part two delves into the socio-economic impacts of the minimum wage policy on workers, households, firms, the economy, and the ASEAN region. Part three links the findings from each country to the ASEAN regional context and brings all the analysis together into a policy and operational discussion. 2014-01-29T21:18:27Z 2014-01-29T21:18:27Z 2013-07-30 http://documents.worldbank.org/curated/en/2013/07/18699539/minimum-wage-policy-lessons-focus-asean-region http://hdl.handle.net/10986/16687 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Social Protection Study Economic & Sector Work East Asia and Pacific |