Work

Do Minimum Wage, Education, and Economic Growth Matter? Analysis of Unemployment Rate in North Sulawesi Indonesia

Year: 2024

Type: article

Abstract: This study examines the effects of minimum wage, average education, and economic growth levels on unemployment rates in North Sulawesi Province in Indonesia. The data used for this study are retrieved from the Central Statistics Agency of North Sulawesi Province. This study employs panel data regression model, particularly the random effect model (REM). We obtained the following results: (1) the minimum wage level has a negative and significant relationship to the unemployment rate; (2) the average education level has a positive and significant relationship to the unemployment rate; (3) while the economic growth has a negative and significant relationship to the unemployment rate. Notably, the positive impact of education level on unemployment rate provides interesting evidence, suggesting the need to improve the quality of graduates to meet the industry needs.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14506118

Authors: JOSEP B. KALANGI, VECKY A. J. MASINAMBOW, LINTJE KALANGI

Institution: Sam Ratulangi University

Language: English

Topic: Unemployment and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Quality education, No poverty, Reduced inequalities

Open Access status: green

OpenAlex ID: W6949325285

FWCI:

Cites:

Cited by:

Related to: