Effect of Inflation on Minimum Wages in Kenya
Journal Title: Journal of Social Economics - Year 2017, Vol 4, Issue 1
Abstract
The history of minimum wages in Kenya dates back to 1932. Minimum wages have been increasing at a rate lower than the rate of inflation, yet inflation is one of the parameters to be considered while fixing minimum wages. However, the Wage Guidelines (2005), the Labour Institution Act (2007) and the International Labour Organization Minimum Wages Fixing Convention No 131 of 1970 all require minimum wages to be aligned to inflation. The study estimated the effect of inflation on minimum wages using the random effect model based on panel data for the period 1990-2014. The findings show that inflation affects changes in minimum wages positively. The government should work towards pursuing policies that align increase in minimum wages to inflation.
Authors and Affiliations
Peter Dayan
Keywords
Related Articles
- EP ID EP28693
- DOI -
- Views 277
- Downloads 7
Exploration and Production of Oil and Natural Gas in Marginal Fields
The objective of this article is to analyze the economic and social impact of oil and gas (O&G) exploration and production (E&P) activities at Alagoinhas (Bahia – Brazil) and Vera Cruz (Bahia – Brazil), where the margi...
Five Thousand Years of Statistics: An Historical Overview from the Origins to the Twentieth Century
The origin of Statistics can be found in ancient times, even though the origin of modern Statistics as an independent science dates to the XVII century. Its rise and evolution are not very different from other sciences...
Does Gender Matter in Migration: An Analysis of the Characteristics of Internal Migration in to Lusaka Province, Zambia
This paper attempts to analyze the characteristic of internal migration from a gender perspective in Lusaka province. Secondary data (2010 census data) from Central Statistical Office was collected to analyze internal...
From Coase to Williamson: Evolution, Formalization and Empirics of Transaction Cost Economics
This paper discusses the evolution of transaction cost economics from the time of Ronald Coase to the recent developments by Williamson. Transaction cost economics was pioneered by Ronald Coase in his attempt to unders...
Globalization, Culture and Development
The world‟s struggle on development has become major issue of concern to all, against the contrary opinion that only the third world countries are moving within the circle of poverty underdevelopment and economic backw...