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I discuss the econometrics and the economics of past research on the effects of minimum wages on employment in the … answer about the employment effects of minimum wages. My secondary goal is to discuss how we can narrow the range of …
Persistent link: https://www.econbiz.de/10012892198
When Ecuador raised its monthly Unified Minimum Wage from $170 to $200 in 2008, it affected 35 percent of all private sector workers. We use this unexpected minimum wage hike under former president Rafael Correa to assess the labor market impacts of the minimum wage. We use an administrative...
Persistent link: https://www.econbiz.de/10013235105
school graduates accumulated 2.8 quarters more private employment. However, because they substitute private for public and … self-employment, overall employment does not increase but is still better paid. For high school dropouts, no persistent …
Persistent link: https://www.econbiz.de/10014244086
This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model … with endogenous job search effort and vacancy posting, multiple employment levels, a progressive tax-transfer system, and …, hours worked and output without reducing employment. In frictional labor markets, however, reallocation takes time whenever …
Persistent link: https://www.econbiz.de/10014356608
We estimate the employment and labour force participation effects resulting from the abolition of the marital allowance … from the Greek LFS over the period 2008:Q1-2016:Q1 we do not find any differential change in the probability of employment …
Persistent link: https://www.econbiz.de/10013315248
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …
Persistent link: https://www.econbiz.de/10012841731
negative effects on the employment prospects of low-wage workers. However, we provide suggestive evidence that young workers … employment elasticity with respect to the minimum wage of -0.021, and an own-wage elasticity of -0.033, suggesting that wage … gains dominated employment losses …
Persistent link: https://www.econbiz.de/10014242148
Exploiting minimum-wage variation within multi-state commuting zones, we document a negative relationship between minimum wages and firm variety in the U.S. restaurant and retail trade industries. To explain this finding, we construct a heterogeneous-firm model with a monopsonistic labor market...
Persistent link: https://www.econbiz.de/10013211016
changes in the wage subsidy rate. The estimated net wage elasticity of employment was 0.11, implying a small aggregate … employment effect of the program and an estimated fiscal cost per job saved of nearly $200,000 per year. Subsidy payments caused …
Persistent link: https://www.econbiz.de/10014262746
We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show how this framework can generate changes in unemployment and labor participation that match those uncovered by the empirical literature studying the “China shock.” We find...
Persistent link: https://www.econbiz.de/10014244023