CEU Electronic Theses and Dissertations, 2023
| Author | Hambardzumyan, Tigran |
|---|---|
| Title | The Impact of Minimum Wage on the Income Mobility of Poor Households in Armenia |
| Summary | This thesis delves into the examination of how the implementation of minimum wage policies affects the income mobility of poor households in Armenia. By means of a thorough investigation, which entails a review of existing literature, particular methodological approaches and regression analysis, this research furnishes significant perspectives on the efficacy of minimum wage legislation and its effects on mitigating poverty. The research encompasses an extensive examination of the current literature pertaining to the relationship between minimum wage and income mobility, the debates on the effeciency of minimum wage policies, and the methodological approaches to evaluate the impact of minimum wages. The analysis employs an OLS methodology to investigate the correlation between increments in minimum wage and income mobility of poor households. The findings indicate a positive and statistically significant causal inference. Thus, raising the minimum wage in 2020 has significantly impacted the income of poor households in Armenia, surpassing the thresholds set by food and lower poverty lines. The findings of the research hold implications for policymakers. The findings indicate that one feasible approach to enhancing the living standards of poor households and advancing income mobility in Armenia is through an increase in the minimum wage. Notwithstanding, the study recognizes the constraints of this analysis and proposes prospects for further examination. In summary, this thesis enriches comprehension regarding minimum wage policies' impact on income mobility in Armenia and imparts valuable discernment to policymakers who aspire to institute prudent and efficient regulations for minimum wages that tackle poverty and bolster comprehensive economic growth. |
| Supervisor | Kahanec Martin |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2023/hambardzumyan_tigran.pdf |
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