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Author : Jere Richard Behrman
Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.E/5 ( download)
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:
Author : United States. Minimum Wage Study Commission
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (31 download)
Download or read book Report of the Minimum Wage Study Commission: Effects of the minimum wage on the distribution of income written by United States. Minimum Wage Study Commission and published by . This book was released on 1981 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William R. Johnson
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.E/5 ( download)
Download or read book Minimum Wages and the Distribution of Income written by William R. Johnson and published by . This book was released on 1980 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Petra E. Todd
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (135 download)
Download or read book Distributional Effects of Local Minimum Wages written by Petra E. Todd and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops and estimates a spatial general equilibrium job search model to study the effects of local and universal (federal) minimum wage policies on employment, wages, job postings, vacancies, migration/commuting, and welfare. In the model, workers, who differ in terms of location and education levels, search for jobs locally and in a neighboring area. If they receive remote offers, they decide whether to migrate or commute. Firms post vacancies in multiple locations and make offers subject to minimum wage constraints. The model is estimated using multiple databases, including the American Community Survey (ACS) and Quarterly Workforce Indicators (QWI), and exploiting minimum wage variation across state borders as well as time series variation (2005-2015). Results show that local minimum wage increases lead firms to post fewer wage offers in both local and neighboring areas and lead lower education workers to reduce interstate commuting. An out-of-sample validation finds that model forecasts of commuting responses to city minimum wage hikes are similar to patterns in the data. A welfare analysis shows how minimum wage effects vary by worker type and with the minimum wage level. Low skill workers benefit from local wage increases up to $10.75/hour and high skill workers up to $12.25/hour. The greatest per capital welfare gain (including both workers and firms) is achieved by a universal minimum wage increase of $12.75/hour.
Author : David Neumark
Publisher : MIT Press
ISBN 13 : 0262141027
Total Pages : 389 pages
Book Rating : 4.2/5 (621 download)
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.
Author : David Edward Card
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.E/5 ( download)
Download or read book A Living Wage? written by David Edward Card and published by . This book was released on 1994 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John T. Addison
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)
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:
Author : Gail McCallion
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (7 download)
Download or read book The federal minimum wage written by Gail McCallion and published by . This book was released on 1996 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Margaret Alice O'Brien-Strain
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.F/5 ( download)
Download or read book Distributional Effects of the Minimum Wage written by Margaret Alice O'Brien-Strain and published by . This book was released on 1999 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marvin R. Kosters
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (311 download)
Download or read book The Effects of Minimum Wages on the Distribution of Changes in Aggregate Employment written by Marvin R. Kosters and published by . This book was released on 1970 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Card
Publisher : Princeton University Press
ISBN 13 : 9780691048239
Total Pages : 440 pages
Book Rating : 4.0/5 (482 download)
Download or read book Myth and Measurement written by David Card and published by Princeton University Press. This book was released on 1995 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. Using data from recent minimum wage change results, economists David Card and Alan Krueger show that increases in the minimum wage lead to increases in pay, but no loss in jobs.
Author : Weilong Zhang
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (13 download)
Download or read book Distributional Effects of Local Minimum Wage Hikes written by Weilong Zhang and published by . This book was released on 2019 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops and estimates a spatial general equilibrium job search model to study the effects of local and universal (federal) minimum wage policies. In the model, firms post vacancies in multiple locations. Workers, who are heterogeneous in terms of location and education types, engage in random search and can migrate or commute in response to job offers. I estimate the model by combining multiple databases including the American Community Survey (ACS) and Quarterly Workforce Indicators (QWI). The estimated model is used to analyze how minimum wage policies affect employment, wages, job postings, vacancies, migration/commuting, and welfare. Empirical results show that minimum wage increases in local county lead to an exit of low type (education12 years) workers and an influx of high type workers (education = 12 years), which generates negative externalities for workers in neighboring areas. I use the model to simulate the effects of a range of minimum wages. Minimum wage increases up to $14/hour increase the welfare of high type workers but lower welfare of low type workers, expanding inequality. Increases in excess of $14/hour decrease welfare for all workers. I further evaluate two counterfactual policies: restricting labor mobility and preempting local minimum wage laws. For a certain range of minimum wages, both policies have negative impacts on the welfare of high type workers, but beneficial effects for low type workers.
Author : David H. Autor
Publisher : DIANE Publishing
ISBN 13 : 143798018X
Total Pages : 67 pages
Book Rating : 4.4/5 (379 download)
Download or read book The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades written by David H. Autor and published by DIANE Publishing. This book was released on 2010 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than half as large as those reported elsewhere and are almost negligible for males. Nevertheless, the estimated effects extend to wage percentiles where the minimum is nominally non-binding, implying spillovers. However, we show that spillovers and measurement error (absent spillovers) have similar implications for the effect of the minimum on the shape of the lower tail of the measured wage distribution. With available precision, we cannot reject the hypothesis that estimated spillovers to non-binding percentiles are due to reporting artifacts. Accepting this null, the implied effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured wage distribution.
Author : Erik Hurst
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book The Distributional Impact of the Minimum Wage in the Short and Long Run written by Erik Hurst and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a framework with rich worker heterogeneity, firm monopsony power, and putty-clay technology to study the distributional impact of the minimum wage in the short and long run. Our production technology is disciplined to be consistent with the small estimated employment effects of the minimum wage in the short run and the large estimated elasticities of substitution across inputs in the long run. We find that in the short run, a large increase in the minimum wage has a small effect on employment and therefore increases the labor income of the workers who were earning less than the new minimum wage. In the long run, however, the minimum wage has perverse distributional implications in that it reduces the employment, income, and welfare of precisely the low-income workers it is meant to help. Nonetheless, these long-run effects take time to fully materialize because firms slowly adjust their mix of inputs. Existing transfer programs, such as the earned income tax credit (EITC), are more effective at improving long-run outcomes for workers at the low end of the wage distribution. But combining existing programs with a modest increase in the minimum wage generates even larger welfare gains for low-earning workers.
Author : Joyce M. Nussbaum
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.E/5 ( download)
Download or read book The Impact of the Federal Minimum Wage on the Geographical Distribution of Employment written by Joyce M. Nussbaum and published by . This book was released on 1977 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Neumark
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (247 download)
Download or read book The Effects of Minimum Wages Throughout the Wage Distribution written by David Neumark and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides evidence on a wide set of margins along which labor markets can adjust in response to increases in the minimum wage, including wages, hours, employment, and ultimately labor income, representing the central margins of adjustment that impact the economic well-being of workers potentially affected by minimum wage increases. The evidence indicates that workers initially earning near the minimum wage are adversely affected by minimum wage increases, while, not surprisingly, higher-wage workers are little affected. Although wages of low-wage workers increase , their hours and employment decline, and the combined effect of these changes is a decline in earned income. We also delve into the political economy of minimum wages, attempting to understand the vigorous support of labor unions for minimum wage increases. Using the same empirical framework, we find that relatively low-wage union members gain at the expense of the lowest-wage nonunion workers when minimum wages increase
Author : Wendy V. Cunningham
Publisher : World Bank Publications
ISBN 13 : 082137012X
Total Pages : 154 pages
Book Rating : 4.8/5 (213 download)
Download or read book Minimum Wages and Social Policy written by Wendy V. Cunningham and published by World Bank Publications. This book was released on 2007 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering evidence from both detailed individual country studies and homogenized statistics across the Latin American and Caribbean region, this book examines the impact of the minimum wage on wages, employment, poverty, income distribution and government budgets in the context of a large informal sector and predominantly unskilled workforces.
