What Does Global Data Say about a Country’s HDI, Its Fertility Rate and National Minimum Wage? Insight for Nigeria

Abstract

Nigeria has one of the lowest national minimum wages hence the debate to revisit the national minimum wage is a welcome development. Whereas marginal productivity play a significant role in determining wage negotiation, data availability issues for Nigeria necessitates alternative method of analysis around the minimum wage question for Nigeria. Using global data on Human Development Index (HDI), fertility rate and national minimum wages, this data brief attempts to make some extrapolations.