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There is very little empirical evidence on the effects of the minimum wage on prices in the international literature and none whatsoever for developing countries. This paper estimates the minimum wage price effect using monthly Brazilian household and firm data from 1982 to 2000 aggregated at a...
Persistent link: https://www.econbiz.de/10010261834
It is well established in the international literature that minimum wage increases compress the wages distribution. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are hundreds of studies on the employment effect of the minimum...
Persistent link: https://www.econbiz.de/10010261835
One potential channel through which the effects of the minimum wage could be directed is that firms who employ minimum wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects of the introduction and subsequent uprating of the...
Persistent link: https://www.econbiz.de/10010271255
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 rate on an individual?s employment status. We focus on workers employed at wages close enough to the minimum in a reference year as to be illegal...
Persistent link: https://www.econbiz.de/10010276191
This paper puts together evidence for the wages, employment and price effects of the minimum wage. This overall picture will help to understand the small employment effects prevalent in the literature in the light of price effects. The data used is an under-explored monthly Brazilian household...
Persistent link: https://www.econbiz.de/10010261885
We examine the effect of the minimum wage on restaurant prices. We contribute to both the study of economic impact of the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual price quotes collected to calculate the Consumer Price...
Persistent link: https://www.econbiz.de/10010269191
In 2016, the Irish minimum wage increased from €8.65 to €9.15 per hour. A new ESRI study, funded by the Low Pay Commission, found that the 2016 minimum wage increase led to higher labour costs among firms with more than half of their employees on the minimum wage. However, these types of...
Persistent link: https://www.econbiz.de/10012801053
In view of rising wage and income inequality, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of a nationwide legal minimum wage of 7.50 € per hour on the basis of a microsimulation model which accounts...
Persistent link: https://www.econbiz.de/10010300706
This study examines how minimum wage laws affect the employment and earnings of low-skilled immigrants and natives in the U.S. Minimum wage increases might have larger effects among low-skilled immigrants than among natives because, on average, immigrants earn less than natives due to lower...
Persistent link: https://www.econbiz.de/10010268547
In view of rising wage inequality and increasing poverty, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of the introduction of a nationwide legal minimum wage of € 7.5 per hour on the basis of a...
Persistent link: https://www.econbiz.de/10010268677