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Minimum wage increases are not an effective mechanism for reducing poverty. And there is little causal evidence that … to reduce poverty. It raises only the after-tax wage rates of workers in low- and moderate-income families, the tax …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013254360
well below the EU at-risk-of-poverty thresholds in many countries. Single earners with dependent children are especially at … risk of poverty. We discuss the options for making progress. …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011636667
Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in … poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum … wage do not live in poor (or near-poor) families. A better tool for reducing poverty, and at lower cost, is the earned …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010435624
Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in … poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum … wage do not live in poor (or near-poor) families. A better tool for reducing poverty, and at lower cost, is the earned …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010786987
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. Using an efficiency wage model we show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014195795
Using an efficiency wage model we show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality. Evidence from the US suggests that these theoretical results are empirically...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003989582
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003335372
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012321185
Persistent link: https://ebvufind01.dmz1.zbw.eu/10015075966
This paper investigates the degree of monopsony power of employers in different industries against the background of a statutory minimum wage introduction in Germany in January 2015. A semi-structural estimation approach is employed based on a dynamic model of monopsonistic competition. The...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011408479