The Impact of Minimum Wage on Employment in Malaysia

Authors :: Norzalina Zainudin
Nurhaiza Nordin
Nurnaddia Nordin
Nurza Mohamed Yusoff
Source :: The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries ISBN: 9783030692209
Publication Year :: 2021
Publisher :: Springer International Publishing, 2021.
Abstract: On 1 May 2012 minimum wage regulation was introduced by Malaysia government and was gazette on 16 July 2012. The rate at RM900 for Peninsular Malaysia and East Malaysia (Sabah, Sarawak and Labuan) at RM800. In 2019, new rate was effective for nationwide at RM1100. The ambiguous finding from the past research drive this research to be conduct. Specifically, this study test whether, an implementation of minimum wage may benefit an employment in Malaysia. An Ordinary Least Square estimation method was employed. The result suggests that minimum wage significantly influence employment in Malaysia.

Subjects :: Estimation
Government
Ordinary least squares
Economics
Demographic economics
Minimum wage
Test (assessment)

ISBN :: 978-3-030-69220-9
ISBNs :: 9783030692209
Database :: OpenAIRE
Journal :: The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries ISBN: 9783030692209
Accession number :: edsair.doi...........467b8ea170732e5d660d8aab49663942
Full Text :: https://doi.org/10.1007/978-3-030-69221-6_66