Do labor costs affect companies' demand for labor?

Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. The minimum wage, overtime pay, payroll taxes, and hiring subsidies are just a few of the policies that affect labor costs. Policies that increase labor costs can substantially affect both employment and hours, in individual companies as well as in the overall economy.

MoreLess

Year of publication:	2021
Authors:	Hamermesh, Daniel S.
Published in:	IZA World of Labor. - Bonn : Institute of Labor Economics (IZA), ISSN 2054-9571. - 2021
Publisher:	Bonn : Institute of Labor Economics (IZA)
Subject:	labor demand \| wages \| employee benefits

freely available

Full text |

More access options

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.15185/izawol.3.v2 [DOI] 1806884267 [GVK] hdl:10419/260670 [Handle] RePEc:iza:izawol:journl:2021:n:3 [RePEc]
Classification:	J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment
Source:	EconStor

Persistent link: https://www.econbiz.de/10013266207