Minimum Wage, Inflation and Income Distribution Relationship: Examples Case of 40 Country

Sevda Vardar; Selçuk Koç

Makale detayları

Minimum Wage, Inflation and Income Distribution Relationship: Examples Case of 40 Country

Yazarlar:

Sevda Vardar | Selçuk Koç

Yayıncı:

Kocaeli University

Ana Başlıklar:

Mikro İktisat (Diğer)

Dergi:

Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.2 Issue 46, pp.47-61

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001309536

pISSN:

1302-6658

Anahtar kelimeler:

Özet:

 Today, it is generally accepted that there is a deterioration in income distribution. For this reason, many academic studies are carried out to better understand the factors affecting income distribution. On the other hand, an increase in inflation rates is observed as a result of the increased money supply, especially after the 2008 global economic crisis. This upward trend has brought the issue of inflation to the economic agenda of countries. However, there is no consensus on how the inflation environment affects income distribution. In the study, panel data analysis was conducted with data from 40 countries covering the period 2008-2020 in order to explain the relationship between inflation and income distribution. As a result of the cointegration test, no cointegration relationship was found between inflation and income distribution in the relevant period. However, countries efforts to improve income distribution are also important. As an indicator of this effort, the countries were divided into two groups according to the increase rate of the minimum wage and the cointegration test was repeated. However, as a result of these tests, no cointegration relationship was found. The results obtained suggest that the relationship between inflation and income distribution has a structure that varies depending on other economic policies implemented in the country and the type of inflation, but the use of non-linear methods in subsequent studies may lead to different results.

 Today, it is generally accepted that there is a deterioration in income distribution. For this reason, many academic studies are carried out to better understand the factors affecting income distribution. On the other hand, an increase in inflation rates is observed as a result of the increased money supply, especially after the 2008 global economic crisis. This upward trend has brought the issue of inflation to the economic agenda of countries. However, there is no consensus on how the inflation environment affects income distribution. In the study, panel data analysis was conducted with data from 40 countries covering the period 2008-2020 in order to explain the relationship between inflation and income distribution. As a result of the cointegration test, no cointegration relationship was found between inflation and income distribution in the relevant period. However, countries efforts to improve income distribution are also important. As an indicator of this effort, the countries were divided into two groups according to the increase rate of the minimum wage and the cointegration test was repeated. However, as a result of these tests, no cointegration relationship was found. The results obtained suggest that the relationship between inflation and income distribution has a structure that varies depending on other economic policies implemented in the country and the type of inflation, but the use of non-linear methods in subsequent studies may lead to different results.

 Today, it is generally accepted that there is a deterioration in income distribution. For this reason, many academic studies are carried out to better understand the factors affecting income distribution. On the other hand, an increase in inflation rates is observed as a result of the increased money supply, especially after the 2008 global economic crisis. This upward trend has brought the issue of inflation to the economic agenda of countries. However, there is no consensus on how the inflation environment affects income distribution. In the study, panel data analysis was conducted with data from 40 countries covering the period 2008-2020 in order to explain the relationship between inflation and income distribution. As a result of the cointegration test, no cointegration relationship was found between inflation and income distribution in the relevant period. However, countries efforts to improve income distribution are also important. As an indicator of this effort, the countries were divided into two groups according to the increase rate of the minimum wage and the cointegration test was repeated. However, as a result of these tests, no cointegration relationship was found. The results obtained suggest that the relationship between inflation and income distribution has a structure that varies depending on other economic policies implemented in the country and the type of inflation, but the use of non-linear methods in subsequent studies may lead to different results.

 Günümüzde gelir dağılımında bir bozulma yaşandığı genel olarak kabul edilmektedir. Bu nedenle gelir dağılımını etkileyen faktörlerin daha iyi anlaşılabilmesi için birçok akademik çalışma yapılmaktadır. Öte yandan özellikle 2008 küresel ekonomik krizi sonrasında artan para arzı neticesinde enflasyon oranlarında bir yükseliş gözlemlenmektedir. Bu yükseliş eğilimi enflasyon konusunu ülkelerin ekonomik gündemine getirmiştir. Ancak enflasyon ortamının gelir dağılımını nasıl etkilediği konusunda bir fikir birliğine varılamamıştır. Çalışmada enflasyon ve gelir dağılımı ilişkisini açıklamak amacıyla 2008-2020 dönemini kapsayan 40 ülkenin verileri ile panel veri analizi yapılmıştır. Yapılan eşbütünleşme testi sonucunda ilgili dönemde enflasyon ve gelir dağılımı arasında eşbütünleşme ilişkisi bulunamamıştır. Bununla birlikte ülkelerin gelir dağılımını iyileştirmeye yönelik çabaları da önem arz etmektedir. Bu çabanın bir göstergesi olarak asgari ücretin artış hızına göre ülkeler iki gruba ayrılarak eşbütünleşme testi tekrarlanmıştır. Ancak bu testler sonucunda da eşbütünleşme ilişkisi bulunamamıştır. Elde edilen sonuçlar, enflasyon ve gelir dağılımı ilişkisinin ülkede uygulanan diğer ekonomik politikalara ve enflasyonun türüne göre değişen bir yapıda olduğunu düşündürmektedir fakat sonraki çalışmalarda doğrusal olmayan yöntemlerin kullanılması farklı sonuçlar alınmasına neden olabilir.

Makale detayları

Minimum Wage, Inflation and Income Distribution Relationship: Examples Case of 40 Country

Yazarlar:

Sevda Vardar | Selçuk Koç

Yayıncı:

Kocaeli University

Ana Başlıklar:

Mikro İktisat (Diğer)

Dergi:

Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.2 Issue 46, pp.47-61

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001309536

pISSN:

1302-6658

Inflation

GINI Coefficient

Minimum WageEnflasyon

GINI Katsayısı

Asgari Ücret

Sayı

Makale detayları

Minimum Wage, Inflation and Income Distribution Relationship: Examples Case of 40 Country

Yazarlar: Sevda Vardar | Selçuk Koç

Yayıncı: Kocaeli University

Ana Başlıklar: Mikro İktisat (Diğer)

Dergi: Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.2 Issue 46, pp.47-61

Belge Tipi: Makale

Yayın Tarihi: 1/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001309536

pISSN: 1302-6658

Inflation

GINI Coefficient

Minimum WageEnflasyon

GINI Katsayısı

Asgari Ücret

Sayı

Yazarlar:

Sevda Vardar | Selçuk Koç

Yayıncı:

Kocaeli University

Ana Başlıklar:

Mikro İktisat (Diğer)

Dergi:

Kocaeli Üniversitesi Sosyal Bilimler Dergisi Vol.2 Issue 46, pp.47-61

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001309536

pISSN:

1302-6658