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Author: Ronald Bachmann Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This study analyses employers' support for the introduction of industry-specific minimum wages as a cost-raising strategy in order to deter market entry. Using a unique data set consisting of 800 firms in the German service sector, we show that high-productivity employers support minimum wages. We further find some evidence that minimum wage support is higher in industries and regions with low barriers to entry. This is particularly the case in East Germany, where the perceived threat of low-wage competition from Central and Eastern European countries is relatively high. In addition, firms paying collectively agreed wages are more strongly in favour of minimum wages.
Author: Ronald Bachmann Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This study analyses employers' support for the introduction of industry-specific minimum wages as a cost-raising strategy in order to deter market entry. Using a unique data set consisting of 800 firms in the German service sector, we show that high-productivity employers support minimum wages. We further find some evidence that minimum wage support is higher in industries and regions with low barriers to entry. This is particularly the case in East Germany, where the perceived threat of low-wage competition from Central and Eastern European countries is relatively high. In addition, firms paying collectively agreed wages are more strongly in favour of minimum wages.
Author: David Neumark Publisher: MIT Press ISBN: 0262141027 Category : Income distribution Languages : en Pages : 389
Book Description
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.
Author: David Card Publisher: Princeton University Press ISBN: 1400880874 Category : Business & Economics Languages : en Pages : 455
Book Description
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.
Author: Daron Acemoglu Publisher: ISBN: Category : Employees Languages : en Pages : 60
Book Description
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.
Author: Lewis F Abbott Publisher: Industrial Systems Research ISBN: 0906321662 Category : Business & Economics Languages : en Pages : 141
Book Description
Around the world, minimum wage controls have excluded low cost competitors from labour markets, hampered firms in reducing wage costs during trade downturns, and caused various industrial-economic inefficiencies as well as unemployment, poverty, and price rises. This study analyses national minimum wage fixing as a special form of political-economic protectionism ¿ the equivalent of tariff barriers to low cost imports. It sees it as violating Treaty of Rome and other basic guarantees of free trade and markets in labour services in Europe. The study contains a detailed critique of the recently established British national minimum wage fixing regime. CONTENTS: 1. MINIMUM WAGE CONTROLS & THEIR EFFECTS: AN OVERVIEW 2. MINIMUM WAGE CONTROL & DE-CONTROL IN PARTICULAR COUNTRIES 3. LEGAL ASPECTS OF MINIMUM WAGE CONTROL 4. MINIMUM WAGE CONTROL & UNEMPLOYMENT 5. THE EFFECTS OF MINIMUM WAGE CONTROLS ON EMPLOYERS & THE DEMAND FOR LABOUR 6. THE EFFECTS OF MINIMUM WAGE CONTROLS ON EMPLOYEES & THE SUPPLY OF LABOUR 7. THE EFFECTS OF MINIMUM WAGE CONTROLS ON INCOMES & WELFARE
Author: David H. Goldenberg Publisher: Rowman & Littlefield ISBN: 076187206X Category : Philosophy Languages : en Pages : 263
Book Description
Save Lives or Save the Rhetoric? is for those who think for themselves and follow the logic and the evidence wherever it leads. It offers an alternative to believing what others tell us through the media, the pundits, the politicians and all those partisans who benefit from their particular narratives. Whether we know it or not, we are inundated with rhetoric that is based on the numerous forms of flawed reasoning and fallacies which are discussed in this book. The first step is to develop the skills needed to distinguish between rhetorical claims and evidence-based claims. This book provides a method to accomplish that. David H. Goldenberg presents and shows how to debug many currently relevant real world examples. Innovative discussion questions provide the reader an opportunity to practice and be actively involved. This book is not about taking positions but about learning how to analyze and assess them using logic, evidence, data analysis, and economics—not confirmation bias. Hopefully the reader will resist the rhetoric, with its reductionism and polarization, by depoliticizing their approach to this book’s intent and content. The goal of the examples, theory, case studies, economics, statistics, historical documents, and data analysis offered in Save Lives or Save the Rhetoric? is to provide citizens with an informed approach to examining and evaluating the issues, the rhetoric, and the evidence in order to ultimately make their own informed decisions. The second part of the book delves into concepts and methods that any intelligent citizen may apply in order to make informed decisions about policy proposals. The objective throughout is pedagogy, not partisanship: to help the reader better understand current events, better identify the rhetoric in partisan debates, and better evaluate public policy.
Author: National Academies of Sciences, Engineering, and Medicine Publisher: National Academies Press ISBN: 0309444454 Category : Social Science Languages : en Pages : 643
Book Description
The Economic and Fiscal Consequences of Immigration finds that the long-term impact of immigration on the wages and employment of native-born workers overall is very small, and that any negative impacts are most likely to be found for prior immigrants or native-born high school dropouts. First-generation immigrants are more costly to governments than are the native-born, but the second generation are among the strongest fiscal and economic contributors in the U.S. This report concludes that immigration has an overall positive impact on long-run economic growth in the U.S. More than 40 million people living in the United States were born in other countries, and almost an equal number have at least one foreign-born parent. Together, the first generation (foreign-born) and second generation (children of the foreign-born) comprise almost one in four Americans. It comes as little surprise, then, that many U.S. residents view immigration as a major policy issue facing the nation. Not only does immigration affect the environment in which everyone lives, learns, and works, but it also interacts with nearly every policy area of concern, from jobs and the economy, education, and health care, to federal, state, and local government budgets. The changing patterns of immigration and the evolving consequences for American society, institutions, and the economy continue to fuel public policy debate that plays out at the national, state, and local levels. The Economic and Fiscal Consequences of Immigration assesses the impact of dynamic immigration processes on economic and fiscal outcomes for the United States, a major destination of world population movements. This report will be a fundamental resource for policy makers and law makers at the federal, state, and local levels but extends to the general public, nongovernmental organizations, the business community, educational institutions, and the research community.
Author: Ronald Bachmann
Author: Ronald Bachmann
Author: David Neumark
Author: James T. Bennett
Author: David Card
Author: Daron Acemoglu
Author: Lewis F Abbott
Author: Jill Rubery
Author: Pierre Cahuc
Author: David H. Goldenberg
Author: National Academies of Sciences, Engineering, and Medicine