Minimum Wages And Firm Employment

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Minimum Wages and Firm Employment

Yi Huang,Mr.Prakash Loungani,Gewei Wang
Minimum Wages and Firm Employment Book PDF

Author : Yi Huang,Mr.Prakash Loungani,Gewei Wang
Publisher : International Monetary Fund
Page : 47 pages
File Size : 52,5 Mb
Release : 2014-10-16
Category : Business & Economics
ISBN : 9781498332309

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Minimum Wages and Firm Employment by Yi Huang,Mr.Prakash Loungani,Gewei Wang Pdf

This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the 2000-2007 periods. Using a novel dataset of minimum wage regulations across more than 2,800 counties matched with firm-level data, we investigate both the effect of the minimum wage and its policy enforcement tightening in 2004. A dynamic panel (difference GMM) estimator is combined with a “neighbor-pairs-approach” to control for unobservable heterogeneity common to “border counties” that are subject to different minimum wage changes. We show that minimum wage increases have a significant negative impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on employment in low-wage firms than in high-wage firms. Our results are robust for different treatment groups, sample attrition correction, and placebo tests.

The Effects of the Minimum Wage on Employment

Marvin H. Kosters
The Effects of the Minimum Wage on Employment Book PDF

Author : Marvin H. Kosters
Publisher : American Enterprise Institute
Page : 142 pages
File Size : 46,6 Mb
Release : 1996
Category : Business & Economics
ISBN : 0844770647

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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.

Minimum Wages

Finis Welch
Minimum Wages Book PDF

Author : Finis Welch
Publisher : Studies in Government Regulati
Page : 60 pages
File Size : 40,7 Mb
Release : 1978
Category : Business & Economics
ISBN : STANFORD:36105001947790

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Minimum Wages by Finis Welch Pdf

Monograph commenting on trends and economic implications regarding minimum wage labour legislation in the USA - develops a system of indexation relating to minimum wage projections to 1981, contrasts Black-White, men and woman workers as well as young workers in terms of labour force participation, income and unemployment and in light of changes in the level of minimum wages. Bibliography pp. 47 and 48, graphs and statistical tables.

Minimum Wages

E. G. West,Michael McKee,Economic Council of Canada,Institute for Research on Public Policy
Minimum Wages Book PDF

Author : E. G. West,Michael McKee,Economic Council of Canada,Institute for Research on Public Policy
Publisher : Economic Council of Canada and the Institute for Research on Public Policy
Page : 140 pages
File Size : 54,6 Mb
Release : 1980
Category : Business & Economics
ISBN : UOM:39015035026932

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Minimum Wages by E. G. West,Michael McKee,Economic Council of Canada,Institute for Research on Public Policy Pdf

Monograph on minimum wages, with special reference to Canada - covers trends since 1965 concerning local level wage structure and wage determination, and deals with economic theory issues regarding employment, unemployment, income distribution and prices, effectiveness as an anti-poverty and income redistribution tool, and its preference to negative income tax. Bibliography pp. 111 to 119 and statistical tables.

Minimum Wages

David Neumark,William L. Wascher
Minimum Wages Book PDF

Author : David Neumark,William L. Wascher
Publisher : MIT Press
Page : 389 pages
File Size : 49,9 Mb
Release : 2008
Category : Income distribution
ISBN : 9780262141024

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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.

The Minimum Wage and Labor Market Outcomes

Christopher J. Flinn
The Minimum Wage and Labor Market Outcomes Book PDF

Author : Christopher J. Flinn
Publisher : MIT Press
Page : 321 pages
File Size : 42,7 Mb
Release : 2011-02-04
Category : Business & Economics
ISBN : 9780262288767

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The Minimum Wage and Labor Market Outcomes by Christopher J. Flinn Pdf

The introduction of a search and bargaining model to assess the welfare effects of minimum wage changes and to determine an “optimal” minimum wage. In The Minimum Wage and Labor Market Outcomes, Christopher Flinn argues that in assessing the effects of the minimum wage (in the United States and elsewhere), a behavioral framework is invaluable for guiding empirical work and the interpretation of results. Flinn develops a job search and wage bargaining model that is capable of generating labor market outcomes consistent with observed wage and unemployment duration distributions, and also can account for observed changes in employment rates and wages after a minimum wage change. Flinn uses previous studies from the minimum wage literature to demonstrate how his model can be used to rationalize and synthesize the diverse results found in widely varying institutional contexts. He also shows how observed wage distributions from before and after a minimum wage change can be used to determine if the change was welfare-improving. More ambitiously, and perhaps controversially, Flinn proposes the construction and formal estimation of the model using commonly available data; model estimates then enable the researcher to determine directly the welfare effects of observed minimum wage changes. This model can be used to conduct counterfactual policy experiments—even to determine “optimal” minimum wages under a variety of welfare metrics. The development of the model and the econometric theory underlying its estimation are carefully presented so as to enable readers unfamiliar with the econometrics of point process models and dynamic optimization in continuous time to follow the arguments. Although most of the book focuses on the case where only the unemployed search for jobs in a homogeneous labor market environment, later chapters introduce on-the-job search into the model, and explore its implications for minimum wage policy. The book also contains a chapter describing how individual heterogeneity can be introduced into the search, matching, and bargaining framework.

Minimum Wages and Employment - Theory and Empirical Evidence with a Special Emphasis on Germany

Peter Schmidt
Minimum Wages and Employment Theory and Empirical Evidence with a Special Emphasis on Germany Book PDF

Author : Peter Schmidt
Publisher : GRIN Verlag
Page : 78 pages
File Size : 50,5 Mb
Release : 2009-02
Category : Electronic
ISBN : 9783640263721

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Minimum Wages and Employment - Theory and Empirical Evidence with a Special Emphasis on Germany by Peter Schmidt Pdf

Master's Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 1,0 (A), University of Wisconsin-Milwaukee (Department of Economics), course: Labor Economics II, 42 entries in the bibliography, language: English, abstract: One of the most important issues that was in the center of the political debate in Germany in the last few months is the introduction of minimum wages. It was caused by the politically forced imposition of a minimum wage in the sector for postal services which, in the view of many experts, provides a competitive advantage for the major postal service company "Deutsche Post World Net"1 compared to its competitors. Then it happened that the "PIN - Group AG" one of the most important domestic competitors of the "Deutsche Post World Net" was threatened by insolvency as its largest shareholder the publisher "Axel Springer AG" was no longer willing to invest money in the "PIN - Group AG". Additionally, many newspapers published by Axel Springer AG wrote articles against the imposition of a minimum wage for many weeks and published many interviews with economic experts warning about the negative effects of a minimum wage on the overall German labor market. Furthermore, political considerations, e.g. by the secretary of labor, to introduce a federal minimum wage in Germany even caused the chairmen of the eight leading economic research institutes in Germany to publish a letter in the newspaper "Das Handelsblatt"2 where they advise politicians against the introduction of a federal minimum wage if (large) employment losses should be avoided. On the other hand, a few other researchers, experts and politicians like the "IAB"3 as a specific labor market research institute believe that minimum wages even could create jobs and must not necessarily destroy them. This paper is motivated by this ongoing debate between economists and policymakers in the whole world. That is why in the first part of the paper the major theoretical frame

Myth and Measurement

David Card,Alan B. Krueger
Myth and Measurement Book PDF

Author : David Card,Alan B. Krueger
Publisher : Princeton University Press
Page : 455 pages
File Size : 42,9 Mb
Release : 2015-12-22
Category : Business & Economics
ISBN : 9781400880874

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Myth and Measurement by David Card,Alan B. Krueger Pdf

From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage 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.

Minimum Wages in China

Shi Li,Carl Lin
Minimum Wages in China Book PDF

Author : Shi Li,Carl Lin
Publisher : Springer Nature
Page : 392 pages
File Size : 42,6 Mb
Release : 2020-05-25
Category : Business & Economics
ISBN : 9789811524219

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Minimum Wages in China by Shi Li,Carl Lin Pdf

This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm’s human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons for other transitional and developing economies.

Minimum Wages and On-the-job Training

Daron Acemoglu,Jörn-Steffen Pischke
Minimum Wages and On the job Training Book PDF

Author : Daron Acemoglu,Jörn-Steffen Pischke
Publisher : Unknown
Page : 60 pages
File Size : 54,5 Mb
Release : 1999
Category : Employees
ISBN : UVA:X006094273

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Minimum Wages and On-the-job Training by Daron Acemoglu,Jörn-Steffen Pischke Pdf

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for constrained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 of the training of low wage workers. We find no evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the standard theory of human capital.

Modern Labor Economics

Ronald G. Ehrenberg,Robert S. Smith
Modern Labor Economics Book PDF

Author : Ronald G. Ehrenberg,Robert S. Smith
Publisher : Routledge
Page : 684 pages
File Size : 55,9 Mb
Release : 2016-04-20
Category : Business & Economics
ISBN : 9781315510644

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Modern Labor Economics by Ronald G. Ehrenberg,Robert S. Smith Pdf

For one-semester courses in labor economics at the undergraduate and graduate levels, this book provides an overview of labor market behavior that emphasizes how theory drives public policy. Modern Labor Economics: Theory and Public Policy, Twelfth Edition gives students a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ronald Ehrenberg and Robert Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, the text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This text provides a better teaching and learning experience for you and your students. It will help you to: Demonstrate concepts through relevant, contemporary examples: Concepts are brought to life through analysis of hot-button issues such as immigration and return on investment in education. Address the Great Recession of 2008: Coverage of the current economic climate helps students place course material in a relevant context. Help students understand scientific methodology: The text introduces basic methodological techniques and problems, which are essential to understanding the field. Provide tools for review and further study: A series of helpful in-text features highlights important concepts and helps students review what they have learned.

What Does the Minimum Wage Do?

Dale Belman,Paul J. Wolfson
What Does the Minimum Wage Do Book PDF

Author : Dale Belman,Paul J. Wolfson
Publisher : W.E. Upjohn Institute
Page : 489 pages
File Size : 46,9 Mb
Release : 2014-07-07
Category : Political Science
ISBN : 9780880994569

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What Does the Minimum Wage Do? by Dale Belman,Paul J. Wolfson Pdf

Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.

Minimum Wages and On-the-job Training

Masanori Hashimoto
Minimum Wages and On the job Training Book PDF

Author : Masanori Hashimoto
Publisher : AEI Studies
Page : 90 pages
File Size : 50,6 Mb
Release : 1981
Category : Business & Economics
ISBN : STANFORD:36105001947774

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Minimum Wages and On-the-job Training by Masanori Hashimoto Pdf

Monograph on effects of minimum wages regarding on the job training in the USA - considers impacts on employment and unemployment, demonstrates that on-the-job training increases wages and that minimum wages reduce the extent of training, and presents an empirical economic model, and wage policy alternatives. Bibliography pp. 69 to 72, diagrams and graphs.

The Economics of Legal Minimum Wages

Simon Rottenberg
The Economics of Legal Minimum Wages Book PDF

Author : Simon Rottenberg
Publisher : A E I Press
Page : 560 pages
File Size : 45,9 Mb
Release : 1981
Category : Business & Economics
ISBN : STANFORD:36105001947782

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The Economics of Legal Minimum Wages by Simon Rottenberg Pdf

Papers presented at a conference held at the American Enterprise Institute, Washington, D.C., Nov. 1 and 2, 1979. Includes bibliographies.

The Fundamentals of Minimum Wage Fixing

François Eyraud,Catherine Saget
The Fundamentals of Minimum Wage Fixing Book PDF

Author : François Eyraud,Catherine Saget
Publisher : International Labour Organization
Page : 154 pages
File Size : 49,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 9221170144

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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.