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Housework - International Economic Policy Note 1.7
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My term paper from the 5th semester in the international economic policy module
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IFOM Hochschule für Oekonomie & Management Hamburg
Melek Güden
Matrikelnummer: 623919
Bachelor of Arts International Management
5. Semester
Hausarbeit im Modul
International Economic Policy
Prof. Dr. Leef H. Dierks
Raising the german minimum wage:
spurring unemployment?
, II
Table of figures ...........................................................................................................................III
1. Introduction .............................................................................................................................. 1
1.1 Objectives and Research Questions .............................................................................. 1
1.2 Methodology and Structure ........................................................................................... 1
2. Theoretical Background ......................................................................................................... 2
2.1 Definition and Functions of Minimum Wage ............................................................... 2
2.2 Theories on the Relationship between Minimum Wage and Employment ................. 3
2.3. International Experiences with Minimum Wages ....................................................... 4
3. Development of the Minimum Wage in Germany .............................................................. 6
3.1 Adjustments to the Minimum Wage Since 2015 .......................................................... 6
3.2 Current Legislation and Planned Increases ................................................................... 6
4. Analysis of the Effects ............................................................................................................. 7
4.1 Employment Development ............................................................................................ 7
4.2 Income Situation of Low Earners.................................................................................. 9
4.3. Reactions from Employers and Employees ................................................................. 9
5. Discussion of the Results ....................................................................................................... 11
5.1 Positive Effects of the Minimum Wage ..................................................................... 11
5.2 Negative Impacts of the Minimum Wage ................................................................... 12
6. Conclusion .............................................................................................................................. 13
Reference..................................................................................................................................... 15
, III
Table of figures
Figure 1: Minimum Wage Adjustments in Germany (2015-2024)
Figure 2: Minimum Wage Effects: Neoclassical vs. Monopsony Models
Figure 3: Comparative minimum wage levels and employment effects
Figure 4: Impact of minimum wage on job growth in Germany
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