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The Nationwide Minimum Wage and Companies’ Reaction to It – Results of a Special Poll Featuring in the Ifo Business Survey

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  • Christian Erthle
  • Klaus Wohlrabe
  • Przemyslaw Wojciechowski

Abstract

In November all of the firms that participate in the Ifo Institute’s monthly business survey, with the exception of construction firms, were asked whether they will be affected by the minimum wage regulation, and if so, what measures they will take in response. The results show that service providers and retailers are more heavily impacted by the minimum wage than manufacturers and wholesalers. In retailing the main responses were cited as shorter working times and staff cutbacks. Service providers, by contrast, plan to increase prices instead.

Suggested Citation

  • Christian Erthle & Klaus Wohlrabe & Przemyslaw Wojciechowski, 2014. "The Nationwide Minimum Wage and Companies’ Reaction to It – Results of a Special Poll Featuring in the Ifo Business Survey," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(23), pages 50-52, December.
    • Handle: RePEc:ces:ifosdt:v:67:y:2014:i:23:p:50-52
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    File URL: https://www.ifo.de/DocDL/ifosd_2014_23_5.pdf
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    References listed on IDEAS

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    1. Steffen Henzel & Kira Engelhardt, 2014. "Labour Market Effects of a Nationwide Minimum Wage in Germany – a Sensitivity Analysis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(10), pages 23-29, May.
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    Cited by:

    1. Brautzsch, Hans-Ulrich & Schultz, Birgit, 2017. "The minimum wage effects on skilled crafts sector in Saxony-Anhalt," IWH Discussion Papers 31/2017, Halle Institute for Economic Research (IWH).
    2. Przemyslaw Wojciechowski, 2015. "Business Survey in Focus: Hotel and Catering Industry," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(18), pages 62-66, September.
    3. Robert Lehmann & Joachim Ragnitz & Michael Weber, 2015. "Mindestlohn in Ostdeutschland: Firmen planen Preiserhöhungen und Personalabbau," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 22(01), pages 40-42, February.
    4. Michael Weber, 2016. "Der flächendeckende Mindestlohn in Ost- und Westdeutschland: Erwartungen undWirklichkeit," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 23(03), pages 36-40, June.
    5. Przemyslaw Wojciechowski & Timo Wollmershäuser, 2015. "The Minimum Wage: A First Review of the Special Question," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(05), pages 38-41, March.
    6. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2015. "Zukunftsfähigkeit in den Mittelpunkt. Jahresgutachten 2015/16 [Focus on Future Viability. Annual Report 2015/16]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201516.
    7. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.
    8. Wolfgang Nierhaus & Timo Wollmershäuser, 2016. "ifo Konjunkturumfragen und Konjunkturanalyse: Band II," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.
    9. Brautzsch Hans-Ulrich & Schultz Birgit, 2018. "Auswirkungen des gesetzlichen Mindestlohns im Handwerk in Sachsen-Anhalt," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 67(2), pages 125-152, August.

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    More about this item

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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