منابع مشابه
Labor Supply Substitution and the Ripple Effect of Minimum Wages
This paper examines the potential causes of the “ripple effect” of minimum wages. This wage spillover is thought to result from labor demand substitution: where the rising minimum increases the demand for more-skilled workers who become relatively inexpensive. However, the rising minimum also affects the relative wages across hedonically distinct occupations because it lowers compensating wage ...
متن کاملThe Elasticity of Labor Demand and the Optimal Minimum Wage
The Elasticity of Labor Demand and the Optimal Minimum Wage Contrary to widespread belief, we show that low-pay workers might not generally prefer that the minimum wage rate be increased to a level where the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand such that increases in the minimum wage rate make low-pay workers better off for higher ...
متن کاملMinimum Wages and Employment
We review the burgeoning literature on the employment effects of minimum wages – in the United States and in other countries – that was spurred by the new minimum wage research beginning in the early 1990s. Our review indicates that there is a wide range of existing estimates and, accordingly, a lack of consensus about the overall effects on low-wage employment of an increase in the minimum wag...
متن کاملMinimum Wages and Poverty
Textbook analysis tells us that in a competitive labor market, the introduction of a minimum wage above the competitive equilibrium wage will cause unemployment. This paper makes two contributions to the basic theory of the minimum wage. First, we analyze the effects of a higher minimum wage in terms of poverty rather than in terms of unemployment. Second, we extend the standard textbook model ...
متن کاملOn - the - Job Search , Minimum Wages , and Labor Market Outcomes in an Equilibrium Bargaining Framework
We look at the impact of a binding minimum wage on labor market outcomes and welfare distributions in a partial equilibrium model of matching and bargaining in the presence of on-the-job search. We use two different specifications of the Nash bargaining problem. In one, firms engage in a Bertrand competition for the services of an individual, as in Postel-Vinay and Robin (2002). In the other, f...
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ژورنال
عنوان ژورنال: Economic Inquiry
سال: 1982
ISSN: 0095-2583,1465-7295
DOI: 10.1111/j.1465-7295.1982.tb00354.x