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Most minimum wage studies are identified on small, plentiful, and expected wage changes, spread out over time. A recent set of changes have instead been large, unexpected, and quick, following the "Fight for $ 15" movement. Alberta is the first state or province to have this $ 15 minimum wage,...
Persistent link: https://www.econbiz.de/10013484733
We model a standard competitve labour market where firms choose combinations of workers and hours per worker to produce output. If one assumes that the scale of production has no impact on hours per worker, then the change in the number of workers and hours per worker resulting from a minimum...
Persistent link: https://www.econbiz.de/10003616666
In a competitive model we ease the assumption that efficiency units of labour are the product of hours and workers. We show that a minimum wage may either increase or decrease hours per worker and the change will have the opposite sign to the slope of the equilibrium hours hourly wage locus....
Persistent link: https://www.econbiz.de/10009729282
Minimum wages decrease employment in competitive markets, but can increase it in monopsonistic markets so long as they do not exceed the marginal product of labour. We find evidence of non-monotonicity both by market structure and minimum wage level. Minimum wage hikes initially increase hours...
Persistent link: https://www.econbiz.de/10014507670
We use Statistics Canada's Labour Force Survey to explore the labor market impacts of the novel coronavirus (COVID-19). Specifically, we adopt a unique identification strategy to examine the heterogeneous causal effects of the COVID-19 economic shutdown by governments on hours worked across the...
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curve, which draws the classical inverse relation between the job vacancy rate and the unemployment rate, before, during …
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