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Inequality and Growth
Benabou, Roland - 1996
Using two unifying models and an empirical exercise, this paper present and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political economy and imperfect capital markets theories. It allows for...
Persistent link: https://www.econbiz.de/10012473184
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David - 2008
show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …
Persistent link: https://www.econbiz.de/10012464328
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Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth - Will the GDP Share of Health Spending Keep Rising?
Ehrlich, Isaac - 2014
The apparently unrelenting growth in the GDP-share of health spending (SHS) has been a perennial issue of policy concern. Does an equilibrium limit exist? The issue has been left open in recent dynamic models which take income growth and population aging as given. We view these variables as...
Persistent link: https://www.econbiz.de/10012458808
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Time-Series Evidence of the Effect of the Minimum Wage on Youth Employment and Unemployment
Brown, Charles - 1981
the minimum wage on teenage unemployment, or its relative impact on black and white teenagers. The purpose of this paper … unemployment rates of teenagers, we explore several related issues: the relative importance of changing the level and coverage of …
Persistent link: https://www.econbiz.de/10012478323
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Discontinuous Distributions and Missing Persons : The Minimum Wage and Unemployed Youth
Meyer, Robert H. - 1981
The effects of minimum wage legislation on the employment and wage rates of youth are estimated using a new statistical approach. We find that without the minimum, not only would the percent of out-of-school youth who are employed be 4 to 6 percent higher than it is, but also that these youth...
Persistent link: https://www.econbiz.de/10012478404
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Unemployment Effects of Minimum Wages
Mincer, Jacob - 1974
. In the more recent work, attention has shifted to effects on unemployment in low-wage demographic groups, such as … distinction between minimum wage effects on employment and those on unemployment. The purpose of this paper is to explore the … analytical distinction between employment and unemployment effects in the hope of providing some understanding of the …
Persistent link: https://www.econbiz.de/10012479087
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Seeing Beyond the Trees : Using Machine Learning to Estimate the Impact of Minimum Wages on Labor Market Outcomes
Cengiz, Doruk; Dube, Arindrajit; Lindner, Attila; … - National Bureau of Economic Research - 2021
We assess the effect of the minimum wage on labor market outcomes such as employment, unemployment, and labor force … a negative effect on the unemployment rate, on the labor force participation, or on the labor market transitions …
Persistent link: https://www.econbiz.de/10012482617
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Who Gets What from Employer Pay or Play Mandates?
Burkhauser, Richard V. - 2007
Critics of pay or play mandates, borrowing from the large empirical minimum wage literature, provide evidence that they reduce employment. Borrowing from a smaller empirical minimum wage literature, we provide evidence that they also are a blunt instrument for funding health insurance for the...
Persistent link: https://www.econbiz.de/10012465069
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Does the Minimum Wage Cause Inefficient Rationing?
Luttmer, Erzo F.P. - 2007
This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the labor market, the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled workers with higher reservation wages are employed. This...
Persistent link: https://www.econbiz.de/10012465643
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Who Benefits from Labor Market Regulations? Chile 1960-1998
Montenegro, Claudio - 2003
Economists have examined the impact of labor market regulations on the level of employment. However, there are many reasons to suspect that the impact of regulations differs across types of workers. In this paper we take advantage of the unusual large variance in labor policy in Chile to exa...
Persistent link: https://www.econbiz.de/10012468847