Document Type : Article-Based Dissertations
Authors
1 Labor Inspector، PhD student in Economics, Lorestan University
2 Associate Professor of Economics, Department of Economics and Accounting, Faculty of Economics, Lorestan University, Lorestan, Iran (Corresponding Author)
3 Associate, Professor Bu Ali Sina University, Department of Economics, Hamedan
4 Assistant Professor, Department of Economics, Lorestan University
Abstract
Determining and establishing wages in accordance with the rate of inflation and minimum living expenses (according to Article 41 of the Labor Law) is one of the duties of the Supreme Labor Council in the country, in order to support stable employment and maintain the purchasing power of workers, to achieve economic growth and development. be provided.Considering the extreme fluctuations of the inflation rate and the exchange rate, especially in recent years, and their significant impact on the nominal and real strength of the wages received and the household's living expenses basket, the present study seeks to investigate the long-term relationship and the asymmetric effects of the shocks of the inflation rate and The exchange rate is based on the minimum wage of Iran's economy during the period of 1365-1397. By using the Hodrick-Prescott filter, the size of unpredictable shocks of each variable has been separated, and then estimation has been done using the econometric method of auto-regression with non-linear distribution breaks (NARDL).The obtained results show that in the long run, there is a significant relationship between the positive shock of inflation and the negative shock of the unofficial dollar rate with the minimum wage in Iran, so that every one percent change in the positive shock of inflation causes an increase2. 5 percent in the daily minimum wage rate and every one percent change in the negative shock of the unofficial dollar rate has caused it to decrease by 9.73 percent. In addition, in order to investigate the symmetrical effects of positive and negative shocks of each of the explanatory variables, Wald's test was used, and the findings indicate that in the period under investigation, the effect of positive and negative shocks of these variables on the minimum daily wage in the economy Iran has been asymmetrical.
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