Model - spatial approach to prediction of minimum wage

The aim of the article is to present the author's model for prediction of the minimum wage. The model is based on wavelet analysis and methods of adaptation. Use of multiresolution analysis for prediction of the minimum wage in combination with the method to compensate the exponential gave good results in terms of minimizing the error. Research the minimum wage is very important. It should be noted that, in 2014, the level of gross minimum wages across the EU Member States varied from 33 % to just over 50 % of average gross monthly earnings for those persons working in industry, construction or services.

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Year of publication:	2016
Authors:	Hadas-Dyduch, Monika
Publisher:	Toruń : Institute of Economic Research (IER)
Subject:	wavelets \| prediction \| salary \| minimum wage

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Series:	Institute of Economic Research Working Papers ; 29/2016
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/219812 [Handle] RePEc:pes:wpaper:2016:no29 [RePEc]
Classification:	C5 - Econometric Modeling ; F3 - International Finance
Source:	EconStor

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012232479