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The principal justification for minimum wage legislation resides in improving the economic condition of low-wage workers. Most previous analyses of the distributional effects of minimum wages have been confined to simulation exercises employing rather restrictive assumptions that guarantee the...
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Measured by changes in real wages, earnings inequality and unemployment, the economic position of lower skilled workers … skilled workers in the "flexible" labor market of the United States and high and rising unemployment in "rigid" European labor … conventional skill-biased demand-shift story offers a compelling explanation for the rise in unemployment rates experienced by most …
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The principal justification for minimum wage legislation resides in improving the economic condition of low-wage workers. Most previous analyses of the distributional effects of minimum wages have been confined to simulation exercises employing rather restrictive assumptions that guarantee the...
Persistent link: https://www.econbiz.de/10013428180
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rents from holding a full-time $15 per hour job relative to unemployment are worth about $20,000, more than seven times …
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