Minimum Wages and Poverty: A Cross-Country Analysis

Abstract

The concept of poverty is usually explained in terms of financial resources; however, it may also include deprivation in non-economic dimensions, such as education, health, and standard of living. These three dimensions of poverty or well-being have lacked attention from researchers in the past. At the start of the twentieth century, researchers explored whether non-economic poverty also drives people towards a lower quality of life and decreased well-being. In this regard, one of the popular instruments that can help to alleviate non-economic poverty is the minimum wage policy. It helps workers to maintain a stable standard of living required to avoid poverty. The prime objective of this research is to assess the importance of minimum wages in reducing social poverty in 11 selected Asian countries

Assessing the household saving behavior of urban and rural households in Pakistan: Evidence from PSLM/HIES 2018-19

“…Household saving is positively linked up with spouse participation in economic activity, dependency rate, household income and size of landholdings. However, the saving level of households drops significantly with education of household head, children's educational expenditures, family size, liabilities to be paid, marital status, and value of house (Jadoon, Tanveer, Javed, & Sarwar, 2021). Unlike other developing countries, Pakistan has not sustained high growth rate, as its saving performance is not particularly impressive.…”