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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM11901
Volume:
6 |
3 |
Mar 2022
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Minimum wage is one of the most studied topics in economics. In this paper we aim to achieve its effect on income inequality, which is also one of the rising issues in many developing countries. Recent research studies have shown a steady increase in income inequality. An increase in minimum wage would help those in the lower end of the income distribution spectrum, thus reducing income inequality. We form an econometric model to account for many factors that affect income inequality including GDP per capita. We determine the relationship and conclude with policy recommendations for the future.
KEYWORDS
Publication Date
3/20/2022
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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No funding information available for this research.
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