Asgari Ücret, Enflasyon ve Gelir Dağılımı İlişkisi: 40 Ülke Örneği

Abstract

Today, it is generally accepted that there is a deterioration in income distribution. For this reason, many academic studies are carried out to better understand the factors affecting income distribution. On the other hand, an increase in inflation rates is observed as a result of the increased money supply, especially after the 2008 global economic crisis. This upward trend has brought the issue of inflation to the economic agenda of countries. However, there is no consensus on how the inflation environment affects income distribution. In the study, panel data analysis was conducted with data from 40 countries covering the period 2008-2020 in order to explain the relationship between inflation and income distribution. As a result of the cointegration test, no cointegration relationship was found between inflation and income distribution in the relevant period. However, countries' efforts to improve income distribution are also important. As an indicator of this effort, the countries were divided into two groups according to the increase rate of the minimum wage and the cointegration test was repeated. However, as a result of these tests, no cointegration relationship was found. The results obtained suggest that the relationship between inflation and income distribution has a structure that varies depending on other economic policies implemented in the country and the type of inflation, but the use of non-linear methods in subsequent studies may lead to different results.