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...

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...

This paper argues that President Nixon's wage and price controls, in affect from August 1971 to April 1974, laid the groundwork for the post-1973 decline in U.S. production worker real wages.

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...

Between 1977 and 1995, real after-tax hourly compensation for production workers fell by almost 14 percent. Both real pre-tax wages and the real value of benefits fell over this period. These estimates were generated using a cost-of-living index that was adjusted for a wide range of upward and...

The loss of U.S. international hegemony was the major underlying cause of the decline of the U.S. postwar system of labor relations (i.e., the "capital-labor accord"). A fall in the cost of job loss and a weakening of the Keynesian State contributed only a little to the breakdown of the accord....