IDEAS home Printed from https://ideas.repec.org/a/arp/ajoams/2019p43-49.html
   My bibliography  Save this article

Statisical Analysis Between Government Wage Policy on Minimum Wage Saga in Nigeria

Author

Listed:
  • Okeke Charles C.

    (Department of Statistics, Nnamdi Azikiwe University, Awka, Nigeria)

Abstract

Some methods used to analysis between government wage policy on minimum wage saga in Nigeria were considered. Descriptive Statistics, The Ordinary Least Square technique; Correlation Analysis tools were employed to ascertain the significant difference between government wage policy on minimum wage saga in Nigeria. Data were collected for period 1974 – 2000.Our results shows that year of review is negatively and significant on government wage policy on minimum wage saga in Nigeria. Consumer Price Index is negatively and significant on government wage policy on minimum wage saga in Nigeria. Also, there is a perfect negative association on year of review between real minimum wage on government wage policy on minimum wage saga in Nigeria and it is significant, with a perfect positive association year of review between consumer price index on government wage policy on minimum wage saga in Nigeria and it is significant and there is a negative moderate association on real minimum wage between consumer price index on government wage policy on minimum wage saga in Nigeria and it is significant. This study therefore recommends that government should reduce the cost of governance and improve the living standard of workers by fixing a better wage. Finally, diversifying the Nigeria economy is necessary for states to enhance their internally generated revenue and step into creation of employment opportunities and better pay package.

Suggested Citation

  • Okeke Charles C., 2019. "Statisical Analysis Between Government Wage Policy on Minimum Wage Saga in Nigeria," Academic Journal of Applied Mathematical Sciences, Academic Research Publishing Group, vol. 5(5), pages 43-49, 05-2019.
    • Handle: RePEc:arp:ajoams:2019:p:43-49
    DOI: 10.32861/ajams.55.43.49
    as

    Download full text from publisher

    File URL: https://www.arpgweb.com/pdf-files/ajams5(5)43-49.pdf
    Download Restriction: no
    File URL: https://www.arpgweb.com/journal/17/archive/05-2019/5/5
    Download Restriction: no
    File URL: https://libkey.io/10.32861/ajams.55.43.49?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arp:ajoams:2019:p:43-49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Managing Editor (email available below). General contact details of provider: http://arpgweb.com/index.php?ic=journal&journal=17&info=aims .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.