Minimum wage and its economic effect

Subject Areas : Financial Economics

S.  Eisazadeh ¹ (عضو هئیت علمی دانشگاه بوعلی سینا)
R.  Elmian ² (کارشناس ارشد علوم اقتصادی)

Received: 2015-06-10 Accepted : 2015-06-10 Published : 2009-12-22

Keywords: Minimum wage, International Conventions, minimum wage effects,

Abstract :

The Minimum wage determination and its effects in different economies is an important subject. The reason of that was originated by the impacts of minimum wage on the employment of enterprises and its inflationary effects in an economy as well. In this paper we review the minimum wage regulations and international related conventions. Then the different effects of minimum wage are investigated. Finally the main objectives of wage determination will review.