Professor Martin Kahanec to be a guest of the Warsaw Economic Seminars

With the beginning of the summer semester  (2024/2025 academic year), we are pleased to invite you to the Warsaw Economic Seminars meeting, co-organized by the Faculty of Economic Sciences and the Warsaw School of Economics. The seminars focus on issues related to economics and economic policy.

Professor Martin Kahanec (CELSI and Central European University) will present a study, co-authored with Martin Guzi, Nina Holičková, Nii Ashia Amanquarnor, titled: “Global Benchmarks for Decent Living: Validating the Living Wage Against Minimum Wage and Other Adequacy Standards”.

The seminar will take place on February 20, at 17:00. Participation is available both in person at the Faculty of Economic Sciences (room A203) and remotely, via the Zoom platform.

Link:  https://uw-edu-pl.zoom.us/j/93278126659?pwd=HAlBLR5bz9uqFroMDWLPnPF02vgqWi.1

[Meeting ID: 932 7812 6659

Passcode: 014067]

Below, we present an abstract of the study.

This study introduces a novel, harmonized measure of income adequacy— the living wage—calculated for 166 countries and 2700+ regions. Using data for X countries and a robust empirical methodology, we demonstrate that the living wage is a superior indicator of income adequacy compared to existing measures such as minimum and adequate wages. Our analysis shows that living wages align more closely with the threshold for a minimum income sufficient for a decent standard of living, offering policymakers, researchers, employers, and global institutions a robust tool for evaluating and improving wage policies.

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More information about the Warsaw Economic Seminars and the schedule of upcoming events can be found at the following link: https://sites.google.com/site/warsaweconseminars/calendar