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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
Persistent link: https://www.econbiz.de/10005526395
The focus on employment effects in recent studies of minimum wages ignores an important interaction between schooling, employment, and the minimum wage. To study these linkages, the authors estimate a conditional logit model of employment and enrollment outcomes for teenagers using state-year...
Persistent link: https://www.econbiz.de/10005532250
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We review the burgeoning literature on the employment effects of minimum wages—in the United States and other countries—that was spurred by the "new minimum wage research" beginning in the early 1990's. The wide range of existing estimates makes it difficult for us to draw broad...
Persistent link: https://www.econbiz.de/10004975560