Study on the Impact Mechanism of Minimum Wage Level on Low-income Groups and Income Redistribution
The Decision of the CCP Central Committee on Further Deepening Reform and Promoting Chinese-style Modernization,adopted at the Third Plenary Session of the 20th CCP Central Committee,clearly proposed to strengthen inclusive,basic and bottom-line livelihood construction,improve the wage determination,reasonable growth and payment guarantee mechanism for workers,increase residents'property income through multiple channels,effectively increase the income of low-income groups,steadily expand the size of the middle-income group,and enhance residents'consumption capacity and willingness.Whether the minimum wage design is reasonable will directly affect the scientific realization of this goal.This paper verifies the relationship between minimum wage adjustment and wage income based on CFPS household survey data from 2010 to 2018 and minimum wage data in various regions,and examines the redistribution effect of the minimum wage.This paper uses micro-survey data to test the policy effect of the minimum wage to verify the possible impact of the minimum wage on micro-individuals.From the perspective of historical data,the influence mechanism of the minimum wage level on the income level of low-income groups and income redistribution is studied,which can provide a reference for existing research and policy making.
万方数据
维普
