Time-series Evidence of the Effect of the Minimum Wage on Teenage Employment and Unemployment PDF Download

Author: C. K. Brown
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 90

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Author: Charles Brown
Publisher:
ISBN:
Category :
Languages : en
Pages : 43

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While previous time series studies have quite consistently found that the minimum wage reduces teenage employment, the extent of this reduction is much less certain. Moreover, because few previous studies report results of more than one specification, the causes of differences in estimated impacts are not well understood. Less consensus is evident on the effect of the minimum wage on teenage unemployment, or its relative impact on black and white teenagers. The purpose of this paper is both to update earlier work and to analyze the sensitivity of estimated minimum wage effects to alternative specification choices. In addition to providing estimates of the effect of minimum wage increases on aggregate employment and unemployment rates of teenagers, we explore several related issues: the relative importance of changing the level and coverage of the minimum wage; the timing of responses to a change in the minimum; effects on part-time and full-time work; effects on young adults (age 20-24).

Author: C. K. Brown
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 94

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Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 204

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Report on the relationship of minimum wage levels and the youth unemployment problem in the USA - covers wages differentials, the distribution of young workers of the 16 to 19 year-old age group in the occupational structure, military service, recruitment standards, job requirements, full time education for students and learner certification programmes, etc., and comments on the effect of national level and local level labour legislation. Statistical tables.

Author: David Neumark
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 64

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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.

Author: Marvin H. Kosters
Publisher: American Enterprise Institute
ISBN: 9780844770642
Category : Business & Economics
Languages : en
Pages : 142

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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.

Author: Stephen Bazen
Publisher:
ISBN:
Category :
Languages : en
Pages : 11

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In 2002 we published a paper in which we used state space time series methods to analyse the teenage employment-federal minimum wage relationship in the US (Bazen and Marimoutou, 2002). The study used quarterly data for the 46 year period running from 1954 to 1999. We detected a small, negative but statistically significant effect of the federal minimum wage on teenage employment, at a time when some studies were casting doubt on the existence of such an effect. In this note we re-estimate the original model with a further 16 years of data (up to 2015). We find that the model satisfactorily tracks the path of the teenage employment-population ratio over this 60 year period, and yields a consistently negative and statistically significant effect of minimum wages on teenage employment. The conclusion reached is the same as in the original paper, and the elasticity estimates very similar: federal minimum wage hikes lead to a reduction in teenage employment with a short run elasticity of around - 0.13. The estimated long run elasticity of between - 0.37 and - 0.47 is less stable, but is nevertheless negative and statistically significant.

Author: David Card
Publisher: Princeton University Press
ISBN: 1400880874
Category : Business & Economics
Languages : en
Pages : 455

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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: C. K. Brown
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 148

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Author: United States. Women's Bureau
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 12

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