The own-wage elasticity (OWE) of employment estimated using minimum wage increases provides an economically meaningful measure of the policy on jobs. We discuss how to interpret the magnitude of the OWE, including in terms of welfare and under alternative models of the labor market. We present a...

In order to address the impact of regulation on ethical concerns of consumers, westudy the e¤ect of a minimum wage. In our experimental market, consumers havemonopsony power, firms engage in Bertrand competition, and workers are passiverecipients of a wage payment. Two treatments are employed,...

In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are...

Against the background of the current discussion on the introduction of statutory minimum wages in Germany, this paper analyzes the potential employment and fiscal effects of such a policy. Based on estimated labor demand elasticities obtained from a structural labor demand model, the empirical...

Im Herbst 2022 wurde die Richtlinie (2022/2041) über angemessene Mindestlöhne in der Europäischen Union verabschiedet. Diese hat zwei zentrale Ziele. Mitgliedsländer mit einem gesetzlichen Mindestlohn müssen transparente Kriterien und Verfahren zu dessen Festlegung entwickeln. Wenn die...

This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...

Im Herbst 2022 wurde die Richtlinie (2022/2041) über angemessene Mindestlöhne in der Europäischen Union verabschiedet. Diese hat zwei zentrale Ziele. Mitgliedsländer mit einem gesetzlichen Mindestlohn müssen transparente Kriterien und Verfahren zu dessen Festlegung entwickeln. Wenn die...

Against the background of the current discussion on the introduction of statutory minimum wages in Germany, this paper analyzes the potential employment and fiscal effects of such a policy. Based on estimated labor demand elasticities obtained from a structural labor demand model, the empirical...

This paper studies the effects of state minimum wage increases on information technology (IT) investment at the establishment level in the United States. We find establishments in states that experience significant minimum wage increases on average allocate $61,000 more per year to IT budgets....

In recent years, a new wave of state and local activity has transformed minimum wage policy in the U.S. As of August 2018, ten large cities and seven states have enacted minimum wage policies in the $12 to $15 range.1 Dozens of smaller cities and counties have also enacted wage standards in this...