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

Author: Charles Brown
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 41

View

Book Description

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

View

Book Description

Author: Andrew Kohen
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description
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

View

Book Description

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

View

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

View

Book Description
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: Youcef Ghellab
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 96

View

Book Description
Reviews the main theoretical models and recent empirical evidence on the correlation between the minimum wage and youth employment.

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

View

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.

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 68

View

Book Description

Author: David Neumark
Publisher:
ISBN:
Category : Minimum wage
Languages : en
Pages : 27

View

Book Description
We estimate the employment effects of changes in national minimum wages using a pooled cross-section time-series data set comprising sixteen OECD countries for the period 1975-1997. We pay particular attention to the impact of cross-country differences in minimum wage systems and in other labor market institutions and policies that may either reduce or amplify the effects of minimum wages. Overall, our results generally are consistent with the view that minimum wages cause employment losses among youth. However, the evidence also suggests that the employment effects of minimum wages vary considerably across countries. Disemployment effects of minimum wages appear to be smaller when there are subminimum wages for youths, while, in the longer run at least, minimum wages set by collective bargaining may entail more deleterious employment effects. We also find that government policies restricting employers' ability to adjust nonpecuniary characteristics of jobs (such as hours restrictions or work rules) tend to exacerbate the negative effects of minimum wages on youth employment, while countries with active labor market policies designed to bring non-employed individuals into the work force tend to exhibit smaller disemployment effects from minimum wages