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, 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 higher-wage jobs, raised concerns that the normal business cycle dynamics …. These concerns have spurred serious consideration of policies to encourage job creation and higher income from work beyond …
Persistent link: https://www.econbiz.de/10011388328
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010369825
Neumark, Salas, and Wascher (2014) succinctly summarize the empirical challenges researchers of the minimum wage face: "the identification of minimum wage effects requires both a sufficiently sharp focus on potentially affected workers and the construction of a valid counterfactual control group...
Persistent link: https://www.econbiz.de/10011978325
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010238837
informalization of the economy induced by the intervention, the findings show limited income effects of the policy …
Persistent link: https://www.econbiz.de/10012832809
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010930730
This study investigates the impacts of the minimum wage on U.S. regional labor markets. Using ten years of county-level data, we examine the relationship between the minimum wage and several key components of the labor market. Following past research, the number of people in the labor force is...
Persistent link: https://www.econbiz.de/10014582379
Individual labour productivities are often unobservable for firms when hiring new workers. Job protection may prevent firms ex post from using information about labour productivities. We show that a binding minimum wage introduced in the presence of job protection will lead to lower unemployment...
Persistent link: https://www.econbiz.de/10009302708
The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered …. While it is first and foremost a jobs program, it has the potential to be transformative by advancing the public purpose and …
Persistent link: https://www.econbiz.de/10011816870
to guide their design in developing countries. The evidence suggests that, if the goal is only to create jobs, wage …
Persistent link: https://www.econbiz.de/10011606546