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William Francis Maloney,Jairo Núñez Méndez,Wendy L. Cunningham
Author : William Francis Maloney,Jairo Núñez Méndez,Wendy L. Cunningham Publisher : World Bank Publications Page : 32 pages File Size : 50,5 Mb Release : 2003 Category : Income distribution ISBN : 8210379456XXX
Measuring the Impact of Minimum Wages by William Francis Maloney,Jairo Núñez Méndez,Wendy L. Cunningham Pdf
Simple numerical measures of the minimum wage may offer deceptive indicators of its impact. Alternative measures, such as kernel density or cumulative distribution plots, are more reliable, and highlight influences higher in the wage distribution or on the informal sector. Panel employment data from Colombia, where minimum wages seem high and binding, show that the minimum wage can have important impacts on wages and unemployment across the wage distribution.
Measuring the Impact of Minimum Wage Policies on the Economy by Luis Riveros C. Pdf
Traditional statistical techniques probably underestimate the negative effects of protective wage regulations on young and unskilled workers -- who should be getting training, not minimum wages.
Myth and Measurement by David Card,Alan B. Krueger Pdf
David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990-91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
The Effects of the Minimum Wage on Employment by Marvin H. Kosters Pdf
The Clinton administration has claimed its proposal to increase the minimum wage would not affect employment; other research supports that a higher minimum wage means fewer jobs.
Monograph on the measurement of minimum wage effects in industrial sectors in the USA - describes new statistical method and demonstrates employment losses for low income categories, especially in retail trades and lowest wage rate manufacturing groups. Graphs and references.
A Measure of Fairness by Robert Pollin,Mark Brenner,Stephanie Luce,Jeannette Wicks-Lim Pdf
In early 2007, there were approximately 140 living wage ordinances in place throughout the United States. Communities around the country frequently debate new proposals of this sort. Additionally, as a result of ballot initiatives, twenty-nine states and the District of Columbia, representing nearly 70 percent of the total U.S. population, maintain minimum wage standards above those set by the federal minimum wage.In A Measure of Fairness, Robert Pollin, Mark Brenner, Jeannette Wicks-Lim, and Stephanie Luce assess how well living wage and minimum wage regulations in the United States serve the workers they are intended to help. Opponents of such measures assert that when faced with mandated increases in labor costs, businesses will either lay off workers, hire fewer low-wage employees in the future, replace low-credentialed workers with those having better qualifications or, finally, even relocate to avoid facing the increased costs being imposed on them.The authors give an overview of living wage and minimum wage implementation in Louisiana, New Mexico, Arizona, California, Massachusetts, and Connecticut to show how these policies play out in the paychecks of workers, in the halls of legislature, and in business ledgers. Based on a decade of research, this volume concludes that living wage laws and minimum wage increases have been effective policy interventions capable of bringing significant, if modest, benefits to the people they were intended to help.
Author : James J. Heckman,Carmen Pages Publisher : University of Chicago Press Page : 585 pages File Size : 40,5 Mb Release : 2007-11-01 Category : Law ISBN : 9780226322858
Law and Employment by James J. Heckman,Carmen Pages Pdf
Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Author : David Neumark,William L. Wascher Publisher : MIT Press Page : 389 pages File Size : 52,5 Mb Release : 2008 Category : Income distribution ISBN : 9780262141024
Minimum Wages by David Neumark,William L. Wascher Pdf
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
Myth and Measurement by David Edward Card,Alan B. Krueger Pdf
The authors present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. A distinctive feature of their research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when minimum wage rises for some workers but not for others. Line drawings.
Time for a Real Raise: The Nova Scotia Minimum Wage by John Jacobs Pdf
Increasing the minimum wage impacts not only the workers receiving the minimum wage. [...] The stagnation of the minimum wage over the past two decades is at least partially responsible for the plight of the working poor in Nova Scotia, many of whom earn somewhat more than the minimum wage. [...] Providing a real increase in the minimum wage would boost the wages of these and many more workers in need of a raise. [...] It addresses the economic impact of the minimum wage in the context of an economy that is producing too many low wage jobs, and considers some of the arguments against increasing the minimum wage. [...] The minimum wage sets a social standard or tone, and many public debates, as well as innumerable disputes inside the workplace, use the minimum wage as an implicit guide to construct arguments, to assess all wage scales, to measure the relative standards of one's enterprise.1 When the minimum wage is increased it creates an upward pressure on other wages.
The Fundamentals of Minimum Wage Fixing by François Eyraud,Catherine Saget Pdf
This manual draws on the ILO's comprehensive database containing the principal legal provisions and minimum wage fixing mechanisms in 100 countries. The minimum wage has had a long and turbulent history, and this study sheds light on its intricacies by providing a thorough overview of the institutions and practices in different countries. It outlines the main topics for debate concerning the effects of minimum wages on major social and economic variables such as employment, wage inequality, and poverty. The book considers the various procedures countries use for implementation, including the criteria employed to fix the minimum wage, and how they are linked to specific country objectives. It then measures the efficiency of the minimum wage, and focuses on its impact on employment as a major political issue. For the benefit of non-specialists, the validity of econometric models and their results are examined.
Author : David H. Autor,Alan Manning,Christopher L. Smith Publisher : DIANE Publishing Page : 67 pages File Size : 49,9 Mb Release : 2010 Category : Income distribution ISBN : 9781437980189
The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades by David H. Autor,Alan Manning,Christopher L. Smith Pdf
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than half as large as those reported elsewhere and are almost negligible for males. Nevertheless, the estimated effects extend to wage percentiles where the minimum is nominally non-binding, implying spillovers. However, we show that spillovers and measurement error (absent spillovers) have similar implications for the effect of the minimum on the shape of the lower tail of the measured wage distribution. With available precision, we cannot reject the hypothesis that estimated spillovers to non-binding percentiles are due to reporting artifacts. Accepting this null, the implied effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured wage distribution.
