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A Note On The Nonlinear Effect Of Minimum Wage Increases
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Book Synopsis A Note on the Nonlinear Effect of Minimum Wage Increases by : Aspen Gorry
Download or read book A Note on the Nonlinear Effect of Minimum Wage Increases written by Aspen Gorry and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a labor search model with worker experience to assess the effects of minimum wage increases. Minimum wages can have nonlinear effects on unemployment as higher minimum wages become binding for larger portions of the underlying productivity distribution. The model is used to assess the increases proposed by the Obama Administration from $7.25 an hour to $9.00 and then to $10.10 per hour. We find that minimum wage increases have large effects on youth unemployment. These large effects cast doubt on using past empirical estimates of the effects of minimum wages that do not account for potential nonlinearities.
Book Synopsis The Effects of the Minimum Wage on Employment by : Marvin H. Kosters
Download or read book The Effects of the Minimum Wage on Employment written by Marvin H. Kosters and published by American Enterprise Institute. This book was released on 1996 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Clinton administration has claimed its proposal to increase the minimum wage would not affect employment; other research supports that a higher minimum wage means fewer jobs.
Book Synopsis Myth and Measurement by : David Card
Download or read book Myth and Measurement written by David Card and published by Princeton University Press. This book was released on 2015-12-22 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990-91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Book Synopsis Employment Effects of Minimum Wage Rates by : John M. Peterson
Download or read book Employment Effects of Minimum Wage Rates written by John M. Peterson and published by American Enterprise Institute Press. This book was released on 1969 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment Effects of Minimum Wages by : Jacob Mincer
Download or read book Unemployment Effects of Minimum Wages written by Jacob Mincer and published by . This book was released on 1976 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Effects of the Minimum Wage on Youth Employment and Unemployment by : C. K. Brown
Download or read book Effects of the Minimum Wage on Youth Employment and Unemployment written by C. K. Brown and published by . This book was released on 1980 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Employment Effects of Recent Minimum Wage Increases by : David Neumark
Download or read book The Employment Effects of Recent Minimum Wage Increases written by David Neumark and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents evidence on the employment effects of recent minimum wage increases from a pre-specified research design that entailed committing to a detailed set of statistical analyses prior to 'going to' the data. Despite the limited data to which the pre-specified research design can be applied, evidence of disemployment effects of minimum wages is often found where we would most expect it--for younger, less-skilled workers.
Book Synopsis Minimum Wages and On-the-job Training by : Daron Acemoglu
Download or read book Minimum Wages and On-the-job Training written by Daron Acemoglu and published by . This book was released on 1999 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for constrained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 of the training of low wage workers. We find no evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the standard theory of human capital.
Book Synopsis The Minimum Wage and Labor Market Outcomes by : Christopher J. Flinn
Download or read book The Minimum Wage and Labor Market Outcomes written by Christopher J. Flinn and published by MIT Press. This book was released on 2011-02-04 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of a search and bargaining model to assess the welfare effects of minimum wage changes and to determine an “optimal” minimum wage. In The Minimum Wage and Labor Market Outcomes, Christopher Flinn argues that in assessing the effects of the minimum wage (in the United States and elsewhere), a behavioral framework is invaluable for guiding empirical work and the interpretation of results. Flinn develops a job search and wage bargaining model that is capable of generating labor market outcomes consistent with observed wage and unemployment duration distributions, and also can account for observed changes in employment rates and wages after a minimum wage change. Flinn uses previous studies from the minimum wage literature to demonstrate how his model can be used to rationalize and synthesize the diverse results found in widely varying institutional contexts. He also shows how observed wage distributions from before and after a minimum wage change can be used to determine if the change was welfare-improving. More ambitiously, and perhaps controversially, Flinn proposes the construction and formal estimation of the model using commonly available data; model estimates then enable the researcher to determine directly the welfare effects of observed minimum wage changes. This model can be used to conduct counterfactual policy experiments—even to determine “optimal” minimum wages under a variety of welfare metrics. The development of the model and the econometric theory underlying its estimation are carefully presented so as to enable readers unfamiliar with the econometrics of point process models and dynamic optimization in continuous time to follow the arguments. Although most of the book focuses on the case where only the unemployed search for jobs in a homogeneous labor market environment, later chapters introduce on-the-job search into the model, and explore its implications for minimum wage policy. The book also contains a chapter describing how individual heterogeneity can be introduced into the search, matching, and bargaining framework.
Book Synopsis The Influence of State Minimum Wage Increases on Health and Behavior by : James Henry Buszkiewicz
Download or read book The Influence of State Minimum Wage Increases on Health and Behavior written by James Henry Buszkiewicz and published by . This book was released on 2020 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low and minimum wage work, prevalent in the United States, is a key driver of both income inequality and income-driven health disparities. Cities and states have increasingly moved to adopt higher minimum wages with the goal of closing the income gap and improving the economic well-being of their residents. Over the last decade, academics and policymakers alike have been interested in the influence of higher wage policies on health and behavior. To date the emerging evidence has been mixed and varies depending on the populations or outcomes under study. Few studies have evaluated the longitudinal relation between higher minimum wages and health or changes in behavior. Moreover, no prior study has explored whether this relation is modified by individual economic circumstances. We used the 1999 to 2017 biannual waves of the Panel Study of Income Dynamics to examine the association between minimum wage and health (obesity, hypertension, fair or poor self-reported health, and moderate psychological distress) and behavior (smoking, drinking, and physical activity) in working-age adults, both employed and unemployed. We used a difference-in-difference-in-differences model using modified Poisson regression to evaluate the association between a $1 increase in minimum wage (current and 2-year lagged) among adults with a high school education or less in the full sample and across racial/ethnic and gender strata. We also used a difference-in-differences regression restricted to those with a high school education or less to determine whether employment instability, as measured by prior-year weeks of unemployment and years of tenure the current employer, modified the influence of minimum wage on obesity and moderate psychological distress. These evaluations of potential effect measure modification were conducted in the full sample and stratified by gender. All models were adjusted for a full set of individual and state-level covariates. We also used state and year fixed effects and cluster robust standard errors to account for within state correlations. No association between minimum wage increases and health or health behavior was observed in the overall sample of working-age adults, employed and unemployed. Subgroup models suggested a marginal reduction in obesity risk (RR = 0.82, 95% CI = 1.03, 1.50) and a marginal increase in daily cigarette consumption (RR = 1.10, 95% CI = 1.01, 1.19) in non-Hispanic White men. Higher obesity risk was found in non-Hispanic White women (RR = 1.35, 95% CI = 1.12, 1.64) associated with 2-year lagged minimum wage. Both higher current (RR = 0.73, 95% CI = 0.54, 1.00) and 2-year lagged minimum wage (RR = 0.75, 95% CI = 0.56, 1.00) were also marginally associated with a reduced risk of moderate psychological distress in non-Hispanic White women. Higher current (RR = 1.19, 95% CI 1.02, 1.40) minimum wage was associated with an increased risk of fair or poor self-reported health in women of color. Estimates were robust to restriction to workers employed hourly at baseline. We also found imprecise but suggestive evidence that prior-year unemployment, but not duration of employment, may modify the relation between minimum wage, obesity, and moderate psychological distress with the greatest risk in those exposed to both high minimum wages and greater unemployment. While no relation was observed between minimum wage and health or behaviors overall, these results are suggestive of potential heterogeneity across race/ethnicity and gender strata. Our findings with respect to modification by employment instability highlight the importance of considering the economic circumstances of individuals when evaluating the relation between social and income policies, such as the minimum wage, and health.
Book Synopsis What Does the Minimum Wage Do? by : Dale Belman
Download or read book What Does the Minimum Wage Do? written by Dale Belman and published by W.E. Upjohn Institute. This book was released on 2014-07-07 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.
Book Synopsis The Effects of Minimum Wages on the Distribution of Family Incomes by : David Neumark
Download or read book The Effects of Minimum Wages on the Distribution of Family Incomes written by David Neumark and published by . This book was released on 1998 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force. However, estimates of employment effects of minimum wages tell us relatively little about whether minimum wages are likely to achieve this goal; even if the disemployment effects of minimum wages are modest, minimum wage increases could result in net income losses for poor and low-income families. In this paper, we present evidence on the effects of minimum wages on family incomes from matched March CPS surveys. Using non-parametric estimates of the distributions of family income relative to needs in states and years with an without minimum wage increases, we examine the effects of minimum wages on this distribution, and on the distribution of the changes in income that families experience. Although minimum wages do increase the incomes of some poor families, the evidence indicates that the overall effects are to increase the proportion of families that are poor and near-poor, and to decrease the proportion of families with incomes between 1.5 and 3 times the poverty level
Book Synopsis The Short- and Long-run Effects of Minimum Wages on the Distribution of Earnings by : Jere Richard Behrman
Download or read book The Short- and Long-run Effects of Minimum Wages on the Distribution of Earnings written by Jere Richard Behrman and published by . This book was released on 1980 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Raising the Floor by : William Edward Spriggs
Download or read book Raising the Floor written by William Edward Spriggs and published by . This book was released on 1994 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Myth and Measurement by : David Edward Card
Download or read book Myth and Measurement written by David Edward Card and published by . This book was released on 1995 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. A distinctive feature of their research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when minimum wage rises for some workers but not for others. Line drawings.
Book Synopsis The Effect of Recent Increases in the U.S. Minimum Wage on the Distribution of Income by : John T. Addison
Download or read book The Effect of Recent Increases in the U.S. Minimum Wage on the Distribution of Income written by John T. Addison and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Minimum Wages written by David Neumark and published by MIT Press. This book was released on 2008 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
