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All Journal Oeconomicus Journal of Economics Journal of Economics
Ramadhani, Novira Eka
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Religion Economics, Econometrics & Finance Environmental Science Social Sciences

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Journal : Journal of Economics

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Impact of Wages, Unemployment Rates, and Inflation on Labor Forece Participation Ramadhani, Novira Eka; Karjati, Pratiwi Dwi
Jurnal Ekonomika : INDEPENDEN Vol 5 No 2 (2025): Agustus 2025
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/independent.v5i2.70709

Abstract

Employment is a crucial element in supporting a country's economic progress. This study aims to evaluate the impact of several macroeconomic indicators, namely minimum wages, unemployment, and inflation, on the labor force participation rate in six ASEAN member countries (ASEAN-6). This study uses a quantitative approach through panel data regression analysis with a random effect model. The findings of the study indicate that minimum wages have no effect on labor force participation, while unemployment and inflation rates have been shown to have a significant effect.
Co-Authors Firmansyah, Mochammad Fikri Hariani, Ermatry Karjati, Pratiwi Dwi Putri, Ferdhea Amalia Retno Febriyastuti Widyawati Yustie, Renta