Thorsten Schänk

A 22 Percent Increase in the German Minimum Wage: Nothing Crazy!

Abstract We present empirical evidence on the 22 percent increase in the German minimum wage, implemented in 2022, raising it from €9.82 to €10.45 in July and to €12 in October. Our study is the first to leverage monthly data from the Earnings Survey, a large and novel data sourc...