The purpose of this article is to evaluate the effect of the newly increased minimum wage, as per the Fair Labor Standards Act, on the unemployment rate. While Congress executed the Act to help lower class workers, they executed it negligently in a recession that has been intense and ongoing....

What is the economic case for increasing the federal minimum wage?To even posit that question sounds odd. Proponents of a higher minimum wage claim that the policy change could alleviate all sorts of economic and social ills. But it's worth assessing, from first principles, the economic...

This paper proposes a new framework to empirically assess the effects of the minimum wage in a developing country. This approach allows me to jointly estimate the effects of the minimum wage on unemployment, average wages, (formal to informal) sector mobility, wage inequality, the size of the...

This paper proposes a framework to identify the effects of the mini- mum wage on the joint distribution of sector and wage in a developing country. I show how the discontinuity of the wage distribution around the minimum wage identifies the extent of non-compliance with the minimum wage policy,...

In der Wirtschaftsgeschichte hat es immer wieder Phänomene gegeben, die als unvereinbar mit der herrschenden Ökonomik erschienen. Wenn dies dennoch bis heute zu keinem Paradigmenwechsel in der Dogmengeschichte der Wirtschaftswissenschaften führte, so zeigt sich hierin die besondere Resilienz...

In der Wirtschaftsgeschichte hat es immer wieder Phänomene gegeben, die als unvereinbar mit der herrschenden Ökonomik erschienen. Wenn dies dennoch bis heute zu keinem Paradigmenwechsel in der Dogmengeschichte der Wirtschaftswissenschaften führte, so zeigt sich hierin die besondere Resilienz...

Using quarterly Census data for 1996-2000, the author evaluates how minimum wages affected teenage employment at the county level. An analysis that includes all counties yields small and statistically insignificant effects, consistent with previous research using state panels. However, in...

This paper studies firms' adjustment behavior to the growth in labor costs induced by Italian collective bargaining institutions. Our research design compares several firms' outcomes across collective agreements within the same sector and geographic location, exploiting discontinuities in...

This paper studies firms' adjustment behavior to the growth in labor costs induced by Italian collective bargaining institutions. Our research design compares several firms' outcomes across collective agreements within the same sector and geographic location, exploiting discontinuities in...