Abstract

SANCHEZ VELLVE, Francisco J.. Política de salarios mínimos: influencia sobre la desigualdad económica en la Unión Europea. Inv. Econ [online]. 2017, vol.76, n.302, pp.77-101. ISSN 0185-1667.

This article analyzes the effect of the relative minimum wage on the inequality of disposable income of households in the European Union. To do this, an empirical analysis is carried out with a panel data econometric modeling that allows to verify the effectiveness of the policies of the relative minimum wages on the economic inequality and leads to the estimation of a negative and significant elasticity. However, this effect is reduced by 60% from the start of the economic crisis. This is not a drawback for this measure of minimum wages, which is relative in nature, to be used as a common European reference in the fight against economic inequality. Therefore, economic, social, cultural, labor market and welfare state differences will not be a serious obstacle for their community adoption.

Keywords : Minimum wage; statutory minimum; European Union social policy; inequality; F02; F42; I38; J31; J38; J88.

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