The Minimum Wage And Labor Market Outcomes

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The Minimum Wage and Labor Market Outcomes

Author : Christopher J. Flinn
Publisher : MIT Press
ISBN 13 : 0262288761
Total Pages : 321 pages
Book Rating : 4.2/5 (622 download)

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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.

The Minimum Wage and Labor Market Outcomes

Author : Christopher J. Flinn
Publisher : MIT Press
ISBN 13 : 0262013231
Total Pages : 321 pages
Book Rating : 4.2/5 (62 download)

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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 2010 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. --

What Does the Minimum Wage Do?

Author : Dale Belman
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880994568
Total Pages : 489 pages
Book Rating : 4.8/5 (89 download)

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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.

Minimum Wages and Labor Market Outcomes

Author : Alexander Muravyev
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Minimum Wages and Labor Market Outcomes by : Alexander Muravyev

Download or read book Minimum Wages and Labor Market Outcomes written by Alexander Muravyev and published by . This book was released on 2013 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper revisits the effect of minimum wages on employment by taking advantage of a unique institutional setting and data from Russia. The main strength of the paper is the use, for identification purposes, of the large variation in labor market outcomes as well as in the minimum wage across the 89 regions (states) over 10 years, from 2001 to 2010. The study relies on the standard methodology introduced by Neumark and Wascher, in which various labor market outcomes at the regional level are related to the relative minimum wage (captured by the Kaitz index) in a panel setting. We find adverse effects of the minimum wage on young workers in the form of higher unemployment among those aged 16-24. There are also signs that minimum wage increases lead to higher unemployment in the general population, but the effect is small. Our analysis also suggests that higher minimum wages lead to an increase in the share of workers employed in the informal sector.

Minimum Wages

Author : David Neumark
Publisher : MIT Press
ISBN 13 : 0262141027
Total Pages : 389 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Minimum Wages by : David Neumark

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.

Myth and Measurement

Author : David Card
Publisher : Princeton University Press
ISBN 13 : 0691169128
Total Pages : 454 pages
Book Rating : 4.6/5 (911 download)

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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.

Minimum Wage Effects on Labor Market Outcomes Under Search with Bargaining

Author : Christopher J. Flinn
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (224 download)

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Book Synopsis Minimum Wage Effects on Labor Market Outcomes Under Search with Bargaining by : Christopher J. Flinn

Download or read book Minimum Wage Effects on Labor Market Outcomes Under Search with Bargaining written by Christopher J. Flinn and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Seeing Beyond the Trees

Author : Doruk Cengiz
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Seeing Beyond the Trees by : Doruk Cengiz

Download or read book Seeing Beyond the Trees written by Doruk Cengiz and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess the effect of the minimum wage on labor market outcomes such as employment, unemployment, and labor force participation for most workers affected by the policy. We apply modern machine learning tools to construct demographically-based treatment groups capturing around 75% of all minimum wage workers--a major improvement over the literature which has focused on fairly narrow subgroups where the policy has a large bite (e.g., teens). By exploiting 172 prominent minimum wages between 1979 and 2019 we find that there is a very clear increase in average wages of workers in these groups following a minimum wage increase, while there is little evidence of employment loss. Furthermore, we find no indication that minimum wage has a negative effect on the unemployment rate, on the labor force participation, or on the labor market transitions. Furthermore, we detect no employment or participation responses even for sub-groups that are likely to have a high extensive margin labor supply elasticity--such as teens, older workers, or single mothers. Overall, these findings provide little evidence for changing search effort in response to a minimum wage increase.

Health, Safety and Well-Being of Workers in the Informal Sector in India

Author : Sigamani Panneer
Publisher : Springer
ISBN 13 : 9811384215
Total Pages : 297 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Health, Safety and Well-Being of Workers in the Informal Sector in India by : Sigamani Panneer

Download or read book Health, Safety and Well-Being of Workers in the Informal Sector in India written by Sigamani Panneer and published by Springer. This book was released on 2019-07-25 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the core problems of occupational health, safety and well-being of workers in the informal sector in developing countries, where it accounts for most of the rural labour force and a substantial percentage of the urban labour force. The sector is characterised by low incomes, unstable employment and lack of protection in the form of legislation/policies or trade unions. Though some health and problem-solving measures have been introduced, a focused academic effort to address the problems confronting workers in the unorganised sector, or informal economy, is lacking. The book evaluates workers’ physical and mental health in the context of labour migration, social inclusion of minorities and the differently abled, provisions for women workers, demonetisation, occupational safety for hazardous work, and in connection with various areas of informal work, e.g. agriculture, construction, transportation, sanitation, tanning, the tobacco industry, powerloom industry, surrogacy, and self-employment. It provides a well-rounded description of an analytical reflection on the challenges these workers face and focuses on social policy changes to help alleviate them. Accordingly, it offers a valuable asset for researchers and students interested in development studies, the sociology of work, health and labour economics, public health, and social work.

Evidence of the Impacts of Minimum Wages on Labor Market Outcomes

Author : Marcelo Claure
Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Evidence of the Impacts of Minimum Wages on Labor Market Outcomes by : Marcelo Claure

Download or read book Evidence of the Impacts of Minimum Wages on Labor Market Outcomes written by Marcelo Claure and published by . This book was released on 2018 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory suggests that minimum wages may lead to unemployment; nevertheless, empirical evidence in developed economies stays ambiguous. Evidence from developing countries is even more heterogenous due to the low law enforcement and weaker labor market institutions. Thus, our aim is to assess the impact of minimum wage increases on labor market outcomes in Bolivia, a country characterized by weak law compliance and high informality. Our identification strategy exploits differences in exposure to minimum wage increases across subsets of population for the period 2006-2013. Our results show positive and significant effects over real wages for men with no effects on employment, informalization or hours worked. Furthermore, we find evidence of gender discrimination since women are prone to suffer unemployment and informalization while not benefiting from higher real wages as men do.

Determining Local Labor Market Outcomes Through Federal Minimum Wage Legislation and Immigration Policy

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (432 download)

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Book Synopsis Determining Local Labor Market Outcomes Through Federal Minimum Wage Legislation and Immigration Policy by :

Download or read book Determining Local Labor Market Outcomes Through Federal Minimum Wage Legislation and Immigration Policy written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Report of the Minimum Wage Study Commission: Commission findings and recommendations

Author : United States. Minimum Wage Study Commission
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Report of the Minimum Wage Study Commission: Commission findings and recommendations by : United States. Minimum Wage Study Commission

Download or read book Report of the Minimum Wage Study Commission: Commission findings and recommendations written by United States. Minimum Wage Study Commission and published by . This book was released on 1981 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report of a Commission on social implications, economic implications and political aspects of the minimum wage and overtime requirements of the Fair Labor Standards Act, labour legislation, USA, 1938 - presents research results and recommendations commenting on the impact on employment and unemployment, inflation, minimum wage indexation, income distribution, exemptions, noncompliance, etc. And research papers giving demographic aspects, national level, local level, regional level and sectoral details. Graphs, references and statistical tables.,

Effects of Minimum Wage on Workers' On-the-Job Effort and Labor Market Outcomes

Author : Naibao Zhao
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Effects of Minimum Wage on Workers' On-the-Job Effort and Labor Market Outcomes by : Naibao Zhao

Download or read book Effects of Minimum Wage on Workers' On-the-Job Effort and Labor Market Outcomes written by Naibao Zhao and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can higher minimum wages motivate workers to work harder? If so, what are the effects of workers' on-the-job effort responses on the labor market outcomes? To answer these questions, we apply a model with directed on-the-job search and dynamic incentive contracts in a frictional labor market. The steady-state comparison of the calibrated model shows that a higher minimum wage increases workers' on-the-job effort. It also reduces the average hiring and layoff rates. Since the reduction in the hiring rate is higher than the reduction in the layoff rate, the un-employment rate increases, and hence lowers the aggregate output. Moreover, we find that the higher minimum wage has a spillover effect on higher-income workers. It suggests that agents' incentive decisions can provide a new explanation of the spillover effect of the minimum wage. Lastly, shutting down the effort channel leads to greater labor market impacts. These results suggest that workers' on-the-job effort responses have moderate offsetting effects on the cost of the higher minimum wage.

Beyond Labor Market Outcomes

Author : Cristian Alonso
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Beyond Labor Market Outcomes by : Cristian Alonso

Download or read book Beyond Labor Market Outcomes written by Cristian Alonso and published by . This book was released on 2016 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: How eff ective is the minimum wage at raising nondurable household consumption through the redistribution of income towards poor workers? Using novel data on retail sales by county, I exploit variation in the minimum wage rates across states and over time to answer this question. I find that a 10% increase in the minimum wage increases sales by 1.1%. I argue that such a large eff ect is explained by positive spillovers benefi ting the bottom quarter of the labor income distribution. As expected, the expenditure response to minimum wage hikes is stronger in counties where the policy is more binding.

The Effects of the Minimum Wage on Employment

Author : Marvin H. Kosters
Publisher : American Enterprise Institute
ISBN 13 : 9780844770642
Total Pages : 142 pages
Book Rating : 4.7/5 (76 download)

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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.

Minimum Wage Effects on Labor Market Outcomes in Turkey

Author : H. Burcu Gürcihan Yüncüler
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (951 download)

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Book Synopsis Minimum Wage Effects on Labor Market Outcomes in Turkey by : H. Burcu Gürcihan Yüncüler

Download or read book Minimum Wage Effects on Labor Market Outcomes in Turkey written by H. Burcu Gürcihan Yüncüler and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

labor market policy in developing countries: a selective review of the literature and needs for the future

Author : Gary S. Fields
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 79 pages
Book Rating : 4./5 ( download)

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Book Synopsis labor market policy in developing countries: a selective review of the literature and needs for the future by : Gary S. Fields

Download or read book labor market policy in developing countries: a selective review of the literature and needs for the future written by Gary S. Fields and published by World Bank Publications. This book was released on 2007 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper presents a selective overview of the literature on modeling labor market policies in developing countries. It considers welfare economics, theoretical models, and empirical evidence to highlight the three general features needed in future research on labor market policy in developing countries. The author identifies desirable research components (welfare economics, theoretical modeling, and empirical modeling) and pitfalls in the literature (inappropriate use of productivity, reliance on wrong kinds of empirical studies, lack of cost-benefit analysis, attention to only a subset of the goods and bads, and fallacy of composition). The paper concludes with suggested topics and methods for future research. The author states that sound labor market policy requires sound labor market models. The paper makes a case for developing policy based on explicit evaluation criteria, specific theoretical models, and comprehensive empirical evidence.