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This paper provides evidence on a wide set of margins along which labor markets can adjust in response to increases in the minimum wage, including wages, hours, employment, and ultimately labor income, representing the central margins of adjustment that impact the economic well-being of workers...
Persistent link: https://www.econbiz.de/10005718795
The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force. However, estimates of employment effects of minimum wages tell us relatively little about whether minimum wages are likely to achieve this goal; even if the...
Persistent link: https://www.econbiz.de/10005718821
The primary goal of a national minimum wage floor is to raise the incomes of poor families with members in the work force. We present evidence on the effects of minimum wages on family incomes from March CPS surveys. Using non-parametric estimates of the distributions of family income relative...
Persistent link: https://www.econbiz.de/10005526586
Minimum wages help some families to escape poverty, but employment losses associated with raising the minimum also appear to cause some families to fall into poverty. The authors' estimates suggest that on balance, the second of these effects outweighs the first; therefore, the net result of...
Persistent link: https://www.econbiz.de/10005393607
Workers initially earning near the minimum wage are adversely affected by minimum wage increases, while, not surprisingly, higher-wage workers are little affected. Although the pay of low-wage workers increases, their hours and employment decline, and the combined effect of these changes is a...
Persistent link: https://www.econbiz.de/10005729084
An oft-stated goal of the minimum wage is to raise incomes of poor or low-income families. We present nonparametric estimates of the effects of minimum wages on the distribution of family income relative to needs in the United States. Although minimum wages increase the incomes of some poor...
Persistent link: https://www.econbiz.de/10005368791
Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increased the minimum wage and its coverage at irregular intervals ever since; in addition, as of the beginning of 2008, thirty-two states...
Persistent link: https://www.econbiz.de/10004973041
In earlier work, we presented results suggesting that minimum wage increases have important consequences for both the employment opportunities of youths and their decision to enroll in school. In this paper, we show that the recent claim made by William Evans and Mark Turner that our results are...
Persistent link: https://www.econbiz.de/10005721270
Persistent link: https://www.econbiz.de/10005726777
We review the burgeoning literature on the employment effects of minimum wages – in the United States and in other countries – that was spurred by the new minimum wage research beginning in the early 1990s. Our review indicates that there is a wide range of existing estimates and,...
Persistent link: https://www.econbiz.de/10010693745