Author: David Neumark
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Evidence on Employment Effects of Minimum Wages and Subminimum Wage Provisions from Panel Date on State Minimum Wage Laws
Evidence on Employment Effects of Minimum Wages and Subminimum Wage Provisions from Panel Data on State Minimum Wage Laws
Author: David Neumark
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 64
Book Description
We construct a panel data set on state-level minimum wage laws and economic conditions to reevaluate existing evidence on minimum wage effects on employment, most of which comes from time-series data. Our estimates of the elasticities of teen and young-adult employment-to-population ratios fall primarily in the range -0.1 to -0.2, similar to the consensus range of estimates from time-series studies. We also find evidence that youth subminimum wage provisions enacted by state legislatures have moderated the disemployment effects of minimum wages.
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 64
Book Description
We construct a panel data set on state-level minimum wage laws and economic conditions to reevaluate existing evidence on minimum wage effects on employment, most of which comes from time-series data. Our estimates of the elasticities of teen and young-adult employment-to-population ratios fall primarily in the range -0.1 to -0.2, similar to the consensus range of estimates from time-series studies. We also find evidence that youth subminimum wage provisions enacted by state legislatures have moderated the disemployment effects of minimum wages.
Evidence on Employment Effects of Minimum Wages and Subminimum Wage Provisions from Panel Data on State Minimum Wages Laws
Comment on David Neumark and William Wascher, "Employment Effects of Minimum and Subminimum Wages
Author: David Edward Card
Publisher:
ISBN:
Category : Job vacancies
Languages : en
Pages : 28
Book Description
Publisher:
ISBN:
Category : Job vacancies
Languages : en
Pages : 28
Book Description
An Evaluation of Recent Evidence on the Employment Effects of Minimum and Subminimum Wages
Author: David Edward Card
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 26
Book Description
We re-examine recent cross-state evidence on the employment effect of the minimum wage. A re-evaluation of the data used in Neumark and Wascher's (1992) study of the minimum wage provides no support for their conclusion that the minimum wage has an adverse effect on teenage employment. Neumark and Wascher's findings are shown to be due to an inadvertent mistake in the definition of their school enrollment variable. In addition, Neumark and Wascher's coverage-weighted relative minimum wage index is shown to be negatively correlated with average teenage wages. We also re-analyze the experiences of individual states following the April 1990 increase in the Federal minimum wage, allowing for a full year lag in the effect of the law and controlling for changes in (properly measured) enrollment rates. These changes actually strengthen Card's (1992a) conclusion that the 1990 increase in the Federal minimum had no adverse employment effect. Lastly, we find that subminimum wages are rarely used, casting doubt on the claim that subminimum wage provisions temper any employment losses attributable to the minimum wage
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 26
Book Description
We re-examine recent cross-state evidence on the employment effect of the minimum wage. A re-evaluation of the data used in Neumark and Wascher's (1992) study of the minimum wage provides no support for their conclusion that the minimum wage has an adverse effect on teenage employment. Neumark and Wascher's findings are shown to be due to an inadvertent mistake in the definition of their school enrollment variable. In addition, Neumark and Wascher's coverage-weighted relative minimum wage index is shown to be negatively correlated with average teenage wages. We also re-analyze the experiences of individual states following the April 1990 increase in the Federal minimum wage, allowing for a full year lag in the effect of the law and controlling for changes in (properly measured) enrollment rates. These changes actually strengthen Card's (1992a) conclusion that the 1990 increase in the Federal minimum had no adverse employment effect. Lastly, we find that subminimum wages are rarely used, casting doubt on the claim that subminimum wage provisions temper any employment losses attributable to the minimum wage
Evidence Against a Higher Minimum Wage
Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 72
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 72
Book Description
Employment Effects of Minimum and Subminimum Wages
Author: David Neumark
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 52
Book Description
In Neumark and Wascher (1992), we present findings supporting the earlier consensus that minimum wages reduce employment for teens and young adults, with elasticities in the range -0.1 to -0.2. In addition, we find that subminimum wages moderate these disemployment effects. Card, Katz and Krueger (1993) criticize numerous aspects of our analysis, and contest our conclusions. This reply presents an assessment of their arguments, as well as additional evidence related to some of the criticisms that they raise. We conclude that the issues raised by Card, et al., upon further examination, do not alter the conclusions from our original paper, and in some cases even reinforce those conclusions.
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 52
Book Description
In Neumark and Wascher (1992), we present findings supporting the earlier consensus that minimum wages reduce employment for teens and young adults, with elasticities in the range -0.1 to -0.2. In addition, we find that subminimum wages moderate these disemployment effects. Card, Katz and Krueger (1993) criticize numerous aspects of our analysis, and contest our conclusions. This reply presents an assessment of their arguments, as well as additional evidence related to some of the criticisms that they raise. We conclude that the issues raised by Card, et al., upon further examination, do not alter the conclusions from our original paper, and in some cases even reinforce those conclusions.
Employment Effects of Minimum Wage Rates
Author: John M. Peterson
Publisher: American Enterprise Institute Press
ISBN:
Category : Political Science
Languages : en
Pages : 184
Book Description
Publisher: American Enterprise Institute Press
ISBN:
Category : Political Science
Languages : en
Pages : 184
Book Description
Studies of the Effects of the $1 Minimum Wage
Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 198
Book Description
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 198
Book Description
Proposals To Extend Coverage of Minimum Wage Protection
Author: United States. Congress. Senate. Committee on Labor and Public Welfare
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 1208
Book Description
Considers legislation to expand minimum wage provisions to include large retail and service businesses, small telephone exchanges, restaurants, and agricultural labor, and to revise minimum wage provisions affecting independent contractors and U.S. territories and protectorates.
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 1208
Book Description
Considers legislation to expand minimum wage provisions to include large retail and service businesses, small telephone exchanges, restaurants, and agricultural labor, and to revise minimum wage provisions affecting independent contractors and U.S. territories and protectorates.