LATEST PUBLICATIONS
WP-2019-06
Skills Needs Anticipation (SNA): Workplace Skills and Satisfaction (WSS) Baseline Survey of Select Employers in the Construction Industry
WP-2019-05
Strengthening Multi-employer Bargaining: Policies and Practices (Phase II)
WP-2019-04
Non-Hazardous Activities for Children: The Case of Banana and Sugarcane Supply Chains
WP-2019-03
Strengthening Preparedness for Migrant Worker Reintegration: Thematic Analysis and Local Index Tool Development

LATEST AV MATERIALS
PIDS WB 2021-0905
7th Mindanao Policy Research Forum
PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
Publication Detail
WP-2016-05: Responsiveness of Labor Market to Minimum Wage Adjustments: An Analysis Using Elasticity to Labor Supply and Demand

This paper intends to address is how employment, unemployment, and underemployment in the labor market, in terms of quantity, respond whenever there are wage adjustments. It should be put into mind that wages are considered cost for employers, while for workers these are funds to make their ends meet. Any adjustments made in the minimum wage, certainly, may influence employer’s hiring and firing decision, which eventually could affect labor demand and supply. With the ongoing discussions on matters pertaining to minimum wage, the intention of this study is to examine how the labor market act in response to wage adjustments, using employment and unemployment rates, and other pertinent data on labor and employment as measurement variables. This study could serve as a reference for policy discourse among decision-makers and members of the regional boards to aid them in their future legislations pertaining to wage and wage adjustments.

Department of Labor and Employment - Institute for Labor Studies
Authors Keywords
Villena, Ivan Cassidy F.; employment; labor market; wage; labor; unemployment; minimum wage; underemployment; labor supply; wage policy; labor demand; wage adjustments; employee; employers ;
Download PDF Number of Downloads
Published in 2016 and available for Downloaded 1 times since August 04, 2021
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.