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We use price and wage data from McDonald's restaurants to provide evidence on wage increases, labor-saving technology introduction, and price pass-through by a large low-wage employer facing a flurry of minimum wage hikes from 2016-2020. We estimate an elasticity of hourly wage rates with...
Persistent link: https://www.econbiz.de/10012482721
the Texas fast food industry. Third, employment increased relatively in those firms likely to have been most affected by …. These employment and price changes do not seem consistent with conventional views of the effects of increases in a binding …
Persistent link: https://www.econbiz.de/10012474983
of its effect on employment and unemployment. Our discussion of the theory emphasizes recent work using two-sector and … heterogeneous-worker models. We then summarize and evaluate the large literature on employment and unemployment effects of the … minimum on teenagers. Finally, we survey the evidence of the effect of the minimum wage on adult employment, and on employment …
Persistent link: https://www.econbiz.de/10012478265
We review the burgeoning literature on the employment effects of minimum wages - in the United States and other … wide range of existing estimates and, accordingly, a lack of consensus about the overall effects on low-wage employment of … view that the minimum wage reduces the employment of low-wage workers is clearly incorrect. A sizable majority of the …
Persistent link: https://www.econbiz.de/10012465998
employment or relocate elsewhere. Although the higher minimum wage reduced employment for unskilled workers, anti …, but those losses were offset by employment gains at surviving plants. The message is a mixed one: activism significantly …
Persistent link: https://www.econbiz.de/10012468201
have two findings to report. First, the data collected by CK appear to indicate greater employment variation over the eight …-month period between their surveys than do the payroll data. For example, in the full sample the standard deviation of employment … change in CK's data is three times as large as that in the payroll data. Second, estimates of the employment effect of the …
Persistent link: https://www.econbiz.de/10012473653
although increases in minimum wages have small net effects on overall teen employment rates, such increases raise the … the small net disemployment effects for teenagers as a group, there are significant enrollment and employment shifts …
Persistent link: https://www.econbiz.de/10012473795
minimum wages depress employment, is not supported by the empirical findings in some labour markets. In this paper we present … employment, but which also allows for the possibility of a neutral or a positive effect. The model structure is based on labour … economic wisdom but in line with several recent studies, do not have a negative impact on employment. If anything, the …
Persistent link: https://www.econbiz.de/10012474183
We argue in this paper that the focus on employment effects in recent studies of minimum wages ignores an important … interaction between schooling, employment, and the minimum wage. To study these linkages, we estimate a conditional logit model of … employment and enrollment outcomes for teenagers using state-year observations for the period 1977 to 1989. The results show a …
Persistent link: https://www.econbiz.de/10012474253
, the employment rate of teenage workers rose, while their school enrollment rate fell …
Persistent link: https://www.econbiz.de/10012475297