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We study the effects of minimum wages and the EITC in the post-welfare reform era. For the minimum wage, the evidence points to disemployment effects that are concentrated among young minority men. For young women, there is little evidence that minimum wages reduce employment, with the exception...
Persistent link: https://www.econbiz.de/10003531875
, high long-term unemployment, stagnant or declining wages for low-to-medium skill jobs owing to adverse labor demand shifts …The depth of the Great Recession, the slow recovery of job creation, the downward trend in labor force participation … of recovery from the recession will be insufficient to offset the diminished labor market prospects of many workers …
Persistent link: https://www.econbiz.de/10011388328
We study the effects of minimum wages and the EITC in the post-welfare reform era. For the minimum wage, the evidence points to disemployment effects that are concentrated among young minority men. For young women, there is little evidence that minimum wages reduce employment, with the exception...
Persistent link: https://www.econbiz.de/10012777467
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The potential benefits of higher minimum wages come from the higher wages for affected workers, some of whom are in poor or low-income families. The potential downside is that a higher minimum wage may discourage employers from using the low-wage, low-skill workers that minimum wages are...
Persistent link: https://www.econbiz.de/10011413647