文章基本信息

标题：Macroeconomic Effects of Minimum Wage Increases in an Economy with Wage Underreporting
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作者：Anastasiia Antonova
期刊名称：Visnyk of the National Bank of Ukraine
电子版ISSN：2414-987X
出版年度：2018
期号：246
页码：10-33
DOI：10.26531/vnbu2018.246.010
出版社：National Bank of Ukraine
摘要：I have built a monetary DSGE model to investigate how wage underreporting in an economy characterized by a minimum wage regime affects the macroeconomic response to a minimum wage increase. The model is calibrated and estimated for Ukraine. The main result is that under a higher degree of wage underreporting, the economy is less responsive to a minimum wage shock. Quantitatively, the magnitude of the response to a minimum wage shock is affected by the share of non-Ricardian households, that is, households that do not have access to financial markets and consequently consume all of their income each period.
关键词：minimum wage; wage underreporting; shadow economy; DSGE; non-Ricardian households; New-Keynesian models