Do labor costs affect companies' demand for labor?

Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. Overtime pay, hiring subsidies, the minimum wage, and payroll taxes are just a few of the policies that affect labor costs. Policies that increase labor costs can substantially affect both employment and hours, in individual companies as well as the overall economy.

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Year of publication:	2014
Authors:	Hamermesh, Daniel S.
Published in:	IZA World of Labor. - Bonn : Institute for the Study of Labor (IZA), ISSN 2054-9571. - 2014
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	labor demand \| wages \| employee benefits

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.15185/izawol.3 [DOI] 846031442 [GVK] hdl:10419/125228 [Handle] RePEc:iza:izawol:journl:y:2014:n:3 [RePEc]
Classification:	J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011404826