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In this chapter reviews the literature and inform policy debates about the effects of minimum wages (MW) on income …
Persistent link: https://www.econbiz.de/10014536260
heterogeneous impact of subsequent demand shifts on wages and employment in Germany. We validate the estimated elasticities with …
Persistent link: https://www.econbiz.de/10015339589
We study earnings and income inequality in Britain over the 25 years prior to the COVID-19 pandemic. We focus on the middle 90% of the income distribution, within which the gap between top and bottom in 2019-20 was essentially the same as a quarter-century earlier. We show that this apparent...
Persistent link: https://www.econbiz.de/10013167640
Earnings inequality declined rapidly in Argentina, Brazil and Chile during the 2000s. A reduction in the experience premium is a fundamental driver of declines in upper-tail (90/50) inequality, while a decline in the education premium is the primary determinant of the evolution of lower-tail...
Persistent link: https://www.econbiz.de/10011661649
Results of general equilibrium models are sensitive to model parameterization and specification. The role of macroeconomic closures and the effect of trade elasticities are documented in the literature, but there is no systematic analysis of the implications of different labor supply...
Persistent link: https://www.econbiz.de/10012232857
their nominal wages are further above it. We find substantial positive wage effects, including statistically significant … spillovers up to around the 20th percentile of wages. Overall we find small negative effects on employment which are not … households are limited by the withdrawal of means tested benefits as earnings increase. Effects of minimum wages on household …
Persistent link: https://www.econbiz.de/10012802873
associated with reductions in skilled and unskilled workers' wages. Furthermore, the elasticities are relatively similar. Second …, there is sectoral heterogeneity as, for manufacturing, unskilled workers' wages decrease more, while skilled workers do not … wages is null, and this is consistent with a higher level of bargaining power. Even though the effects of labor market …
Persistent link: https://www.econbiz.de/10014455470
is that the decline in the gap is related to the overall decline in wage inequality, the rise in minimum wages, and more …
Persistent link: https://www.econbiz.de/10012607922
We comment on the work of Hanushek et al. (2015) and show that returns to skills are very heterogeneous and depend crucially on the tasks performed in the workplace, in line with the critique by Acemoglu and Autor (2011). Depending on the type of tasks performed at work, as well as on...
Persistent link: https://www.econbiz.de/10011718769
Europe (SHARE) and daily climate data from the E-OBS dataset, we analyze the effect on wages and occupational transition. By …
Persistent link: https://www.econbiz.de/10015163276