Employment effects of US minimum wage policy
نویسندگان
چکیده
منابع مشابه
Person-Specific Labor Costs and the Employment Effects of Minimum Wage Policy
Economic debates over minimum wage policy are typically premised on the assumption that raising a binding wage floor must reduce long-run employment if the affected markets are competitive and complete. It is shown here to the contrary that employment effects of raising the minimum are indeterminate if competitive employers incur person-specific labor costs, which vary with the number of employ...
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The voluminous literature on minimum wages offers little consensus on the extent to which a wage floor impacts employment. We argue that the minimum wage will impact employment over time, through changes in growth rather than an immediate drop in relative employment levels. We show that commonly-used specifications in this literature, especially those that include state-specific time trends, wi...
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This paper argues how an increase in minimum wage affects employment, consumption, and social welfare with dynamic general equilibrium model without market frictions. The study demonstrates that a minimum wage hike reduces an actual unemployment rate and has positive effects on an employment rate under the demand-shortage economy whereas they do not under a non-demand shortage economy. The stud...
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Are Wage and Employment Effects Robust to Alternative Minimum Wage Variables? A national minimum wage cannot explain variation in wages or employment across regions. Identification of the effect of the minimum wage separately from the effect of other variables on wages or employment requires regional variation. Many minimum wage variables with regional variation have been suggested in the liter...
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This paper investigates possible spillover effects of the UK minimum wage. The halt in the growth in inequality in the lower half of the wage distribution (as measured by the 50:10 percentile ratio) since the mid 1990s, in contrast to the continued inequality growth in the upper half of the distribution, suggests the possibility of a minimum wage effect and spillover effects on wages above the ...
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ژورنال
عنوان ژورنال: Zarządzanie Publiczne
سال: 2015
ISSN: 1898-3529
DOI: 10.15678/zp.2015.33.3.01