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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, its tax …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011431715
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
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
Raising the minimum wage in developing countries could increase or decrease poverty, depending on labor market … poor households. Whether raising minimum wages reduces poverty depends not only on whether formal sector workers lose jobs …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011416331
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. 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....
Persistent link: https://ebvufind01.dmz1.zbw.eu/10009504652
The principal means by which individuals and families achieve economic self-sufficiency is through labor market earnings. As a consequence, it is natural for policy makers to look to interventions that increase the ability of individuals and families to achieve an adequate standard of living...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013325330