Download or read book The Minimum Wage Policy in Hong Kong written by Boon Seng Tan and published by . This book was released on 2015 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: An across-the-board Statutory Minimum Wage (SMW) is expected to come into effect in late 2010 or later in Hong Kong. We draw on theoretical arguments for and against a SMW policy, examining empirical evidence outside Hong Kong, to suggest an agenda for empirical research. The anti-poverty argument for a SMW implies that the SMW rate should significantly exceed the Comprehensive Social Security Assistance (CSSA) monthly payment rate of HK$ 4095. However, the anti-poverty argument is problematic because of the complexity of the poverty problem. The unemployment argument against a SMW has fewer consensuses today than it did three decades ago because of conflicting empirical results. The theory of monopsonistic labor market is the leading theoretical explanation of this situation. It is an empirical question if the labor market that hires low-wage workers in Hong Kong is monopsonistic or competitive. The source of monopsony power and the effects of an across-the-board SMW can differ among industries depending on the difference between the industry average wage rates and the SMW. Firms that hire low-wage workers can also adjust differently depending on their competitiveness in their product markets. Empirical investigation can help improve policy making with informed decision making.
Download or read book An Institutional Analysis of Minimum Wage Policy in Hong Kong written by 黃佩嫻 and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "An Institutional Analysis of Minimum Wage Policy in Hong Kong" by 黃佩嫻, Pui-han, Nerissa, Wong, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b3196708 Subjects: Minimum wage - Government policy - China - Hong Kong
Download or read book An Institutional Analysis of Minimum Wage Policy in Hong Kong written by Pui-han Wong (Nerissa) and published by . This book was released on 2002 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Politics in Hong Kong written by Cheuk-Ho Raymond Lam and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Labor Politics in Hong Kong: a Case Study on Minimum Wages Legislation" by Cheuk-ho, Raymond, Lam, 林焯豪, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: ASTRACT The issue of minimum wage is complicated and carries a far-reaching impact on the future socio-economic development of Hong Kong. It involves a plethora of questions which need to be answered. For example, what is considered to be a reasonable minimum wage? Should it be across the board or targeted at individual trades or sectors? Is legislation absolutely essential? Should a pilot scheme be launched in the first place and mechanism for setting and adjusting the minimum wage? How to monitor that mechanism? Will a minimum wage result in a surge in labour costs to the level beyond the affordability of employers so that our business environment and economy will be seriously eroded? Will a minimum wage really benefit elementary workers who need such protection most or will they be priced out of the labour market as employers would prefer people of better skills and knowledge when the wage has to be at or above a certain level? In other words, will the policy be really effective and will not do more harm than good? When Hong Kong is moving towards a knowledge-based society and when labour -intensive jobs or jobs requiring just basic skills are fast diminishing, will a statutory minimum wage provide greater protection to workers in the lower strata or will we be taking away what remains of the precious job opportunities from them? These are all fundamental - 5/78 - questions that need to be tackled. However, it is hard to answer and consolidate the above questions, as the policy arena is varying in different circumstances. In other way round, I try to illustrate the views and stands of different politicians in Hong Kong considering the effectiveness of Minimum Wages Legislation and see how the Administration react in relation to the views of different politicians. As a result, we will see from the paper that the Administration is not going to take side, but, as a result, draws a line in between the politicians trying to resort the community conflict and balance the public interest in the sake of Hong Kong's situation. - 6/78 - DOI: 10.5353/th_b3828359 Subjects: Minimum wage - Law and legislation - China - Hong Kong Minimum wage - Political aspects - China - Hong Kong
Download or read book Minimum Wages in China written by Shi Li and published by Springer Nature. This book was released on 2020-05-25 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm’s human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons for other transitional and developing economies.
Download or read book Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong written by Ka-Kee Sze and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Impacts of the Statutory Minimum Wages on Property Management Companies in Hong Kong" by Ka-kee, Sze, 史家麒, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Statutory Minimum Wages was effective in Hong Kong on 1 May 2011. It is not a newly invented concept and actually many European and Asian countries have adopted the minimum wages policy for long. Since the implementation of the minimum wages, it has been a controversial topic in our Hong Kong society. Being the one works in the property management field, this dissertation aims to examine the implementation of the Statutory Minimum Wages among the property management companies in Hong Kong and to critically review and evaluate the costs and benefits of this policy on the property management companies. Many scholars and economists have taken efforts to study the impacts of implementing the Statutory Minimum Wages. By reviewing those studies it helps to understand the possible costs and benefits that the minimum wages policy could bring. However, most of the studies are focused on the impacts of the minimum wages policy to the personal or society, very rare that they would have studied on the impacts of the minimum wages on a specific industry. There are also no scholars and economists did a research on the impacts of the Statutory Minimum Wages on the property management industry. To understand the impacts of the Statutory Minimum Wages on property management companies in Hong Kong, both primary and secondary data research has been conducted in order to find out the answer. For the secondary data research, data are collected via various channels including government's report, Census and Statistics Department, journals, books and newspapers etc. For the primary data research, both qualitative and quantitative method has been used. The quantitative questionnaire interview aims to interview the people working in the property management companies and see how the implementation of the minimum wages could have impact on them. There is also a qualitative face to face interview to the property managers so as to understand the impacts of the minimum wages policy to the property management companies. By gathering the information and analysis the data, this paper suggests that at the current stage the implementation of the Statutory Minimum Wages could bring more benefits than costs to the property management companies in Hong Kong. The overall living standard and living quality of the people working in the property management companies has been improved. Although the minimum wages would increase the company operation cost, it is suggested that the benefits generated could cover the cost increment in long run and it is worthy to continue the enactment of the minimum wages policy. Nevertheless, there is the recommendation that the future review of the minimum wages level should not be too aggressive. Prior any adjustment taken there should have a detail study on the market situation and the company affordability. Great changes at a time would be out of the affordability of the property management companies, which in turn would lead to the negative effect of close down of companies and trigger the layoff of employees. The policy should be review and adjust bit by bit so as to favor for the long term development of the property management companies in Hong Kong. DOI: 10.5353/th_b4834317 Subjects: Minimum wage - China - Hong Kong Real estate management - China - Hong Kong
Download or read book Ramifications of Hong Kong s Statutory Minimum Wage Law on Narrowing the Gender Wage Gap written by Rita Lo and published by . This book was released on 2014 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Minimum Wages and Firm Employment written by Yi Huang and published by International Monetary Fund. This book was released on 2014-10-16 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the 2000-2007 periods. Using a novel dataset of minimum wage regulations across more than 2,800 counties matched with firm-level data, we investigate both the effect of the minimum wage and its policy enforcement tightening in 2004. A dynamic panel (difference GMM) estimator is combined with a “neighbor-pairs-approach” to control for unobservable heterogeneity common to “border counties” that are subject to different minimum wage changes. We show that minimum wage increases have a significant negative impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on employment in low-wage firms than in high-wage firms. Our results are robust for different treatment groups, sample attrition correction, and placebo tests.
Download or read book The Impacts of Minimum Wages on Property Management in Hong Kong written by Chi-Wing Tsoi and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "The Impacts of Minimum Wages on Property Management in Hong Kong" by Chi-wing, Tsoi, 蔡志榮, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: In May 2011, it is a milestone for implementation of Statutory Minimum Ordinance in Hong Kong. In this dissertation, it can see that the changes in the field of property management after implementation of Statutory Minimum Wage Ordinance. The aim of implementation of Statutory Minimum Wage Ordinance to safeguard the interests of the vulnerable and grassroots workers. However, it found that it is very difficult to recruit frontline security staff than before. Hence, questionnaire and interview were conducted for analysis the existing working and living condition of frontline security staff and managerial grade staff. It can get more details what are the problems after implementation of Statutory Minimum Wage Ordinance. Moreover, some recommendations and suggestions are given for review of Statutory Minimum Wage Ordinance. In this project, it was found that frontline security staff get their job easier than before and the majority of their hourly wage rate at between $30.1 and $33. The frontline security staff also consider to get their job not only hourly wage but also the other fringe benefits what the property management company can provide. On the other hand, the managerial grade staff felt that their workload were increased and they also disagree the benefits could outweigh disadvantages after implementation of Statutory Minimum Wage Ordinance. Furthermore, management fee were increased inevitably which affected by the implementation of Statutory Minimum Wage Ordinance. It was known that the Statutory Minimum Wage rate was applied to all industries which set up in one rate. It is time for review the policy that set up a different minimum wage rate for different kind of industries. Recently, a referendum was conducted in Switzerland by resolution of implementing the Statutory Minimum Wage Ordinance on 18 May 2014, and it was rejected by majority. They concern that implementing the Statutory Minimum Wage Ordinance not only to weaken the productivity and competitiveness for each industry but also implementation of Statutory Minimum Wage Ordinance cannot be improved the quality of living condition. To improve the quality of living condition for grassroots workers, working hard is the best solution. We may put this case of Switzerland in to Hong Kong for reference and we may also make our own choice by a referendum for resolution of implementation of Statutory Minimum Wage Ordinance. DOI: 10.5353/th_b5334778 Subjects: Real estate management - China - Hong Kong Minimum wage - China - Hong Kong
Download or read book Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong written by Pui-Shan Lau and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Examine the Impacts of Statutory Minimum Wage on the Service Quality of Property Management Companies in Hong Kong" by Pui-shan, Lau, 劉珮珊, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: In Hong Kong, statutory minimum wage has been implemented for three years. Under the implementation of statutory minimum wage, the property management companies have to pay at least $30 to their staff per hour, it increases the staff cost of property management companies and reduces the profit of the companies. On theother hand, the property owners have to pay higher management fee due to the increase of staff cost, they expected that they should receive better quality of services. If the service standard of the property management companies could not match with owners' expectation, it would affect the customer satisfaction towards the service of the property management companies. As a result, it would increase the conflicts between the property owners and the property management companies and it might affect the relationship between each other. Indeed, the property management companies are facing high pressure on it now. Therefore, it is meaningful to study the impacts of minimum wage on the service quality of property management companies in Hong Kong. In this study, we try to investigate whether the implementation of minimum wage can improve the service quality of the properties management companies in Hong Kong and increase the satisfaction level of the employees and the customers. The scope of study will be focused on two different types of property management companies. One is a large-sized property management company (Company A) which is the subsidiary of large developer in Hong Kong. The other is a small to medium sized property management company (Company B) which is a non-subsidiary company. By doing this research, it could compare the service quality of different types of property management companies after the implementation of minimum wage. Two sets of questionnaires were sent out in order to collect the viewpoints from the staff of the property management companies and the owners/residents' of middle class residential properties. There were altogether 250 questionnaires were done, the results showed that both Company A and Company B were in the same direction. The results expressed that either internal customer (staff of the property management companies) or the external customer (owners/residents) of both companies did not think that the service quality of management office have significant improvement after the minimum wage. Based on the results of the research, we suggest some ways to improve the service quality of the service team and also give some recommendation to government in implementing the minimum wage policy so that it could benefit for people working in the property management field in Hong Kong. DOI: 10.5353/th_b5334675 Subjects: Real estate management - China - Hong Kong Minimum wage - China - Hong Kong
Download or read book Before and After the Statutory Minimum Wage Ordinance in Hong Kong written by Oxfam Hong Kong and published by . This book was released on 2012 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hong Kong Under Chinese Rule Economic Integration And Political Gridlock written by Chiew Ping Yew and published by World Scientific. This book was released on 2013-05-07 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is a compilation of the analyses written by East Asian Institute experts on Hong Kong since the handover. It covers most, if not all the important events that have taken place in Hong Kong since 1997, including its economic integration and relations with China, its governance conundrums, the Hong Kong identity and nation-building, the implementation of the minimum wage, and the elections from 2011-2012. The book's panoramic view of Hong Kong makes it a useful resource for readers who seek a broad understanding of the city and how it has evolved after its return to China. It also offers some glimpses into the direction Hong Kong is heading in its socio-economic relations with China at both the state and society levels, as well as its domestic political developments and the prospects for democratization.
Download or read book The Dilemma of Minimum Wage Legislation written by Sek Hong Ng and published by . This book was released on 2001 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Politics in Hong Kong written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Minimum Wage by Law written by and published by . This book was released on 1916 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Debate Over Minimum Wage written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Minimum Wage and Shareholder Wealth written by Kin Ming Wong and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of the minimum wage legislation on firms' performance through the abnormal returns of share prices. Abnormal returns are estimated for events throughout the legislation in Hong Kong. Evidences show that the anticipated impact of the minimum wage on firms' performance is generally negative. Furthermore, large firms and firms in the retail sector are expected to be more adversely affected by the law.
