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dc.contributor.authorPetreski, Marjan
dc.contributor.authorPehkonen, Jaakko
dc.date.accessioned2024-12-12T07:37:17Z
dc.date.available2024-12-12T07:37:17Z
dc.date.issued2024
dc.identifier.citationPetreski, M., & Pehkonen, J. (2024). Minimum wage and manufacturing labor share : Evidence from North Macedonia. <i>Ekonomska Misao i Praksa</i>, <i>33</i>(2), 377-402. <a href="https://doi.org/10.17818/emip/2024/2.2" target="_blank">https://doi.org/10.17818/emip/2024/2.2</a>
dc.identifier.otherCONVID_244359415
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/98954
dc.description.abstractThe objective of the paper is to understand whether the minimum wage plays a role in the labor share in the manufacturing sector in North Macedonia. We decompose the movements of the labor share into those along a share-capital curve, shifts of this locus, and deviations from it. We use the capital-output ratio, total factor productivity and input prices to capture these factors, while the minimum wage is introduced as an element that shifts the curve. We estimate a panel of 20 manufacturing branches over the period 2012-2019 with FE, IV and system-GMM estimators. We find that the role of the minimum wage for the labor share is industry-specific. In labor-intensive and low-paid industries, it increases workers’ labor share, which corresponds to a complementarity between capital and labor. For capital-intensive branches, it reduces labor share, likely through the job loss channel and along a substitutability between labor and capital. This applies to both branches where foreign investment and heavy industry are integrated.en
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUniversity of Dubrovnik
dc.relation.ispartofseriesEkonomska Misao i Praksa
dc.rightsCC BY 4.0
dc.subject.otherlabor share
dc.subject.othercapital endowment
dc.subject.otherminimum wage
dc.subject.otherNorth Macedonia
dc.titleMinimum wage and manufacturing labor share : Evidence from North Macedonia
dc.typeresearch article
dc.identifier.urnURN:NBN:fi:jyu-202412127776
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange377-402
dc.relation.issn1330-1039
dc.relation.numberinseries2
dc.relation.volume33
dc.type.versionpublishedVersion
dc.rights.copyright© Authors 2024
dc.rights.accesslevelopenAccessfi
dc.type.publicationarticle
dc.subject.ysotehdasteollisuus
dc.subject.ysotyöntekijät
dc.subject.ysotyövoima
dc.subject.ysotyömarkkinat
dc.subject.ysovähimmäispalkka
dc.subject.ysotyövoiman liikkuvuus
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p24967
jyx.subject.urihttp://www.yso.fi/onto/yso/p1075
jyx.subject.urihttp://www.yso.fi/onto/yso/p4192
jyx.subject.urihttp://www.yso.fi/onto/yso/p8831
jyx.subject.urihttp://www.yso.fi/onto/yso/p20220
jyx.subject.urihttp://www.yso.fi/onto/yso/p6120
dc.rights.urlhttps://creativecommons.org/licenses/by/4.0/
dc.relation.doi10.17818/emip/2024/2.2
jyx.fundinginformationThe paper was produced during Marjan Petreski’s research stay at the University of Jyväskylä, Finland, 23 October – 20 November 2021, within the University’s funded program for visiting researchers.
dc.type.okmA1


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