Research Article
The Impact of Raising the Minimum Wage on Migrant Workers’ Living Standards: An Empirical Research Based on the Difference-in-Difference-in-Difference Model
@INPROCEEDINGS{10.4108/eai.2-6-2023.2334652, author={Jiuzhou Cheng}, title={The Impact of Raising the Minimum Wage on Migrant Workers’ Living Standards: An Empirical Research Based on the Difference-in-Difference-in-Difference Model}, proceedings={Proceedings of the 2nd International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2023, June 2--4, 2023, Nanchang, China}, publisher={EAI}, proceedings_a={ICIDC}, year={2023}, month={8}, keywords={the minimum wage; migrant worker; living standards; the difference-in-difference-in-difference model}, doi={10.4108/eai.2-6-2023.2334652} }- Jiuzhou Cheng
Year: 2023
The Impact of Raising the Minimum Wage on Migrant Workers’ Living Standards: An Empirical Research Based on the Difference-in-Difference-in-Difference Model
ICIDC
EAI
DOI: 10.4108/eai.2-6-2023.2334652
Abstract
In the context of rapid urbanization in recent years, it is of great significance to study whether the increase of the minimum wage can improve the living standards of migrant workers in terms of boosting the realization of the “common prosperity” goal. Based on the “Dynamic Monitoring and Survey Data of China's Floating Population” (CMSD) from 2011 to 2018 and the minimum wage in various regions, this paper used the Difference-in-Difference-in-Difference model (DDD) to analyze the impact of raising the minimum wage on migrant workers’ living standards from three aspects: household income, expense and rent. The result showed that: (1) Rising the minimum wage can promote the increase in household income and expense of migrant workers, thereby helping to improve their living standards. (2) Since China has vigorously promoted and continuously improved affordable housing policies and measures in recent years, the housing needs of migrant workers have been diverted to a certain extent. Therefore, the phenomenon of rural population gathering in cities caused by the raising of minimum wage has not led to the increase of rent, which guarantees the basic life of migrant workers.
