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Minimum Wage Employment Effects and Labor Market Concentration
Azar, José - 2019
are below marginal productivity, as with monopsony, employers are able to increase wages without laying off workers, but … monopsony explanation by studying a key low-wage retail sector and using data on labor market concentration that covers the … monopsony model as an explanation for the near-zero minimum wage employment effect documented in prior work. They suggest the …
Persistent link: https://www.econbiz.de/10012865765
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Survival of the Fittest : The Impact of the Minimum Wage on Firm Exit
Luca, Dara Lee - 2019
We study the impact of the minimum wage on firm exit in the restaurant industry, exploiting recent changes in the minimum wage at the city level. We find that the impact of the minimum wage depends on whether a restaurant was already close to the margin of exit. Restaurants with lower ratings...
Persistent link: https://www.econbiz.de/10012871149
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The Effect of the New Minimum Wage Law in a Low-Wage Labor Market
Katz, Lawrence F.; Krueger, Alan B. - 2021
After nearly a decade without change, legislation that affected the Federal minimum wage in two significant ways took effect on April 1, 1990: (1) the hourly minimum wage was increased from $3.35 to $3.80; and (2) employers were enabled to pay a subminimum wage to teenage workers for up to six...
Persistent link: https://www.econbiz.de/10013221872
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The Effect of the Minimum Wage on the Fast Food Industry
Katz, Lawrence F.; Krueger, Alan B. - 2021
. 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/10013224949
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The Opportunities and Limitations of Monopsony Power in Healthcare : Evidence from the United States and Canada
Chown, Jillian - 2019
healthcare systems rely on the use of government monopsony power to decrease spending. The United States is a notable exception … economic implications of a greater use of monopsony power in the United States. We present a model of monopsony power and test … its predictions using price differences between the United States and Canada – a country that represents an example of a …
Persistent link: https://www.econbiz.de/10012865746
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The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades : A Reassessment
Autor, David H. - 2011
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy...
Persistent link: https://www.econbiz.de/10013132486
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The Impact of Minimum Wage Rates on Body Weight in the United States
Meltzer, David - 2010
Growing consumption of increasingly less expensive food, and especially "fast food", has been cited as a potential cause of increasing rate of obesity in the United States over the past several decades. Because the real minimum wage in the United States has declined by as much as half over...
Persistent link: https://www.econbiz.de/10013150364
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The Effect of Minimum Wages on Low-Wage Jobs : Evidence from the United States Using a Bunching Estimator
Cengiz, Doruk - 2019
We propose a novel method that infers the employment effect of a minimum wage increase by comparing the number of excess jobs paying at or slightly above the new minimum wage to the missing jobs paying below it. To implement our approach, we estimate the effect of the minimum wage on the...
Persistent link: https://www.econbiz.de/10012895012
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More on Recent Evidence on the Effects of Minimum Wages in the United States
Neumark, David - 2014
A central issue in estimating the employment effects of minimum wages is the appropriate comparison group for states (or other regions) that adopt or increase the minimum wage. In recent research, Dube et al. (2010) and Allegretto et al. (2011) argue that past U.S. research is flawed because it...
Persistent link: https://www.econbiz.de/10013044981
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Minimum Wages and Employment in France and the United States
Abowd, John M.; Kramarz, Francis; Margolis, David N. - 2021
We use longitudinal individual wage and employment data in France and the United States to investigate the effect of changes in the real minimum wage on an individual's employment status. We find that movements in both French and American real minimum wages are associated with mild employment...
Persistent link: https://www.econbiz.de/10013247258