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International comparisons of minimum-wage levels have largely focused on the gross value of minimum wages, ignoring the effects of taxation on both labour costs and the net income of employees. This paper presents estimates of the tax burdens facing minimum-wage workers. These are used as a...
Persistent link: https://www.econbiz.de/10012445052
Labour market incomes have been a major contributor to the important fall in inequality in Latin America during the 2000s. Indeed, it was the main contributor in countries where inequality fell more dramatically. A proper understanding of the workings of the labour market is necessary to...
Persistent link: https://www.econbiz.de/10009490164
For the past few years there has been a call to raise the Federal Minimum Wage to $15.00 per hour. The purpose of this article is to remind the reader that a wage earner receives the higher of the Federal, State, City, and in many cases the private sector company’s minimum wage. But more...
Persistent link: https://www.econbiz.de/10013235831
This paper analyzes the regional variation of minimum wage in China. We first introduce the institutional background of China's minimum-wage policy and then describe the regional variation of the minimum wages using detailed minimumwage data since the late 1990s. A large regional variation...
Persistent link: https://www.econbiz.de/10011603744
The depth of the Great Recession, the slow recovery of job creation, the downward trend in labor force participation, high long-term unemployment, stagnant or declining wages for low-to-medium skill jobs owing to adverse labor demand shifts, and a greater rebound in low-wage than mid- or...
Persistent link: https://www.econbiz.de/10011606588
In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers? union and of political culture on the determination of the minimum wage. In...
Persistent link: https://www.econbiz.de/10010262294
The time-series approach used in the minimum wage literature essentially aims to estimate a treatment effect of increasing the minimum wage. In this paper, we employ a novel approach based on aggregate time-series data that allows us to determine if minimum wage changes have significant effects...
Persistent link: https://www.econbiz.de/10010269656
This paper reexamines the relation between minimum wages and labor market outcomes for teenagers in the US. Economic theory suggests that real minimum wages drive labor market outcomes. Instead of the commonly used nominal minimum wages, we therefore use real minimum wages to examine this...
Persistent link: https://www.econbiz.de/10012287885
We analyze the price pass-through effect of the minimum wage and use the results to provide insight into the competitive structure of low-wage labor markets. Using monthly price series, we find that the pass-through effect is entirely concentrated on the month that the minimum wage change goes...
Persistent link: https://www.econbiz.de/10011760047
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...
Persistent link: https://www.econbiz.de/10003833327