Wage behavior, rural-urban income trends and wage policy in Nigeria.
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Wage behavior, rural-urban income trends and wage policy in Nigeria.

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Published .
Written in English


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Thesis (Ph.D.)-University of Michigan.

ID Numbers
Open LibraryOL20014768M

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Wages High Skilled in Nigeria is expected to reach NGN/Month by the end of , according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Wages High Skilled is projected to trend around NGN/Month in , according to our econometric models. In the last two decades, the effectiveness of the minimum wage as a poverty-reducing tool has come under criticism. It has been observed that a weak link exists between poor workers and minimum wage. Similarly, in countries such as Nigeria, minimum wage determination is not indexed to price movements, thus nominal wage changes do not adjust for price : Taiwo Aderemi. The history of government wage review in Nigeria is as old as the history of the nation’s minimum wages. Minimum wages, which relate to some legal restrictions on the lowest wage rates payable by employers to their workers, have been influencing wages in Nigeria since , courtesy of the Wages Board Act of that year. From , successive. Downloadable (with restrictions)! In the last two decades, the effectiveness of the minimum wage as a poverty-reducing tool has come under criticism. It has been observed that a weak link exists between poor workers and minimum wage. Similarly, in countries such as Nigeria, minimum wage determination is not indexed to price movements, thus nominal wage changes do not adjust for price changes.

Minimum Wages in Nigeria remained unchanged at NGN/Month in from NGN/Month in Minimum Wages in Nigeria averaged NGN/Month from until , reaching an all time high of NGN/Month in and a record low of NGN/Month in This page provides - Nigeria Minimum Wages- actual values, historical data, forecast, chart, statistics, economic .   In migrants only earned 49% of urban workers' income and 17% of the wage gap cannot be explained by observed factors. In detail, differences in educational attainment, work experience and distribution across industry, occupation, and ownership of enterprises account for most of the explained wage gap. This study, which complements the ILO’s Global Wage Report /19, focuses on wage trends in Africa. It was made possible by work undertaken by the ILO in partnership with national institutes of statistics and research centres to improve the collection of data concerning the wages received by workers within African countries.   The minimum wage in Nigeria is based on monthly income with an average working period of 8 hours daily and 5 days weekly. Definitions. Nigeria has a government-mandated minimum wage. No worker in Nigeria can be paid less then this mandatory minimum rate of pay.

  Real Wage Trends, to Congressional Research Service Summary Wage earnings are the largest source of income for many workers, and wage gains are a primary lever for raising living standards. Reports of stagnant median wages have therefore raised concerns among some that economic growth over the last several decades has not translated into. There are 88 countries with a higher Minimum Wage then Nigeria, and Nigeria is in the top 45 percent of all countries based on the yearly minimum wage rate. Facts and statistics about Nigeria Nigeria is a country located in the Western Africa region with a population of . The average Nigerian worker today, is four times poorer than he was when Obasanjo introduced the minimum wage. As we emphatically stated in our editorial of Wednesday, Ma , the Nigerian. In contrast, hourly wage trends varies widely as the wages of men in the lowest income groups fell from 7% to 11% while wages for the highest income men grew 7%. This pattern indicates that any explanation of growing male earnings inequality must lie Primarily in factors affecting hourly wages rather than shifts in men’s ability or.