How firms respond to minimum wage increases: Evidence from North Macedonia (Record no. 9159)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02626nam a22003617u 4500 |
| 001 - CONTROL NUMBER | |
| control field | pwiiw7540 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260405120009.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 260311t2026 au ||||| |||| 00| ||eng d |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OSt |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 084 ## - OTHER CLASSIFICATION NUMBER | |
| Classification number | J38 |
| -- | D22 |
| Number source | jelc |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Jovanović, Branimir |
| 245 10 - TITLE STATEMENT | |
| Title | How firms respond to minimum wage increases: Evidence from North Macedonia |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Wien : |
| Name of publisher, distributor, etc. | Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), |
| Date of publication, distribution, etc. | 2026. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 29 S., |
| Other physical details | 6 Tables and 6 Figures, |
| Dimensions | 30cm. |
| 490 1# - SERIES STATEMENT | |
| Series statement | wiiw Working Papers |
| Volume/sequential designation | 272 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | We study the effects of North Macedonia’s 2017 minimum wage reform – the largest in the country’s history – using matched employer-employee administrative data covering the entire range of firms and employees, and a difference-in-differences design based on firms’ pre-reform share of minimum wage workers. We examine changes in firm employment, wage levels, profitability, non-wage operating expenditures and productivity after the reform. Five results emerge. (i) We find no evidence of job losses, with employment increasing overall, and smaller increases for firms that were more sensitive to the minimum wage increase. (ii) Wages higher than the minimum increased on a widespread basis, with no difference between firms attributable to their relative exposure to the minimum wage increase. (iii) Profitability remained broadly unchanged, with no differences related to the minimum wage. (iv) Firms that were more sensitive to the minimum wage increase reduced non-wage operating costs to a greater extent. (v) Productivity rose, on average, with larger gains among more exposed firms. Overall, the evidence suggests that firms accommodated the higher minimum wage primarily through cuts in other operating expenses and productivity improvements, rather than through layoffs or profit compression, consistent with non-fully competitive wage-setting in a low labour-share economy. These results can serve as a useful benchmark for designing future minimum wage increases in economies with similar features.<br/> |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | minimum wages |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | firm-level performance |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | productivity |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | North Macedonia |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | labour share |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | North Macedonia |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Macroeconomic Analysis and Policy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Labour, Migration and Income Distribution |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Stojkoski, Viktor |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Tevdovski, Dragan |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Trpkova-Nestorovska, Marija |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Volume/sequential designation | 272 |
| Bibliographic record control number | 7703 |
| Title of a work | wiiw Working Papers |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://wiiw.ac.at/p-7540.html">https://wiiw.ac.at/p-7540.html</a> |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Paper |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Inventory number | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WIIW | WIIW | Library | 03/11/2026 | pwiiw7540 | 5.700/272 | 1000010007540 | 03/11/2026 | 03/16/2026 | Paper |