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Is a minimum wage an appropriate instrument for redistribution?

Gerritsen, Aart; Jacobs, Bas - 2014

We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...

Persistent link: https://www.econbiz.de/10010234542

EU minimum wages: to what extent does ideology matter?

Sánchez-Vellvé, Francisco; León, Manuel - In: Estudios de economía 48 (2021) 1, pp. 35-37

This paper estimates the importance of the political and ideological position of the ruling party in determining the minimum wage in the European Union Member States. To this end, a database that establishes the position of each government in each country and year is built. Using the panel data...

Persistent link: https://www.econbiz.de/10012544398

Minimum wages in concentrated labor markets

Popp, Martin - 2021

Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum wages with theory. However, systematic evidence for themonopsony argument is scarce. In this paper, I perform a comprehensive test of monop-sony theory by using labor market...

Persistent link: https://www.econbiz.de/10012793056

Minimum wages in concentrated labor markets

Popp, Martin - 2021

ökonomischen Theorie in Einklang zu bringen. In der Literatur finden sich jedoch kaum systematische Belege für das Monopson …-Argument. In diesem Beitrag führe ich einen umfassenden Test der Monopson-Theorie durch, indem ich Indizes der … eine monopsonistische Ausbeutung widerspiegelt. In Übereinstimmung mit der Theorie der vollständigen Konkurrenz gehen …

Persistent link: https://www.econbiz.de/10012795776

Minimum wages in monopsonistic labor markets

Corella, Luis Felipe Munguia - In: IZA Journal of Labor Economics 9 (2020) 1/7, pp. 1-28

Over the last 30 years, researchers have disputed the mixed evidence of the effect of the minimum wage on teenage employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony models to explain their results. However, very few of...

Persistent link: https://www.econbiz.de/10012391092

Does minimum wage increase labor productivity? : evidence from piece rate workers

Ku, Hyejin - 2020

We examine worker effort as a potential margin of adjustment to a minimum wage hike using unique data on piece rate workers who perform a homogenous task and whose individual output is rigorously recorded. By employing a difference-in-differences strategy that exploits the increase in Florida's...

Persistent link: https://www.econbiz.de/10012239053

Minimum wage compliance and household welfare : an analysis of over 1500 minimum wages

Mansoor, Kashif; O'Neill, Donal - 2020

Minimum wages are increasingly being used in developing countries as a policy to combat exploitation of workers and raise living standards. However, in many developing countries there is a substantial difference between de jure and de facto regulation. We examine the consequences of imperfect...

Persistent link: https://www.econbiz.de/10012228118

The evolution of technological substitution in low-wage labor markets

Aaronson, Daniel; Phelan, Brian J. - 2020

This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal...

Persistent link: https://www.econbiz.de/10012251904

Wage shocks and the technological substitution of low-wage

Aaronson, Daniel; Phelan, Brian J. - 2017

We extend the task-based empirical framework used in the job polarization literature to analyze the susceptibility of low-wage employment to technological substitution. We find that increases in the cost of low-wage labor, via minimum wage hikes, lead to relative employment declines at...

Persistent link: https://www.econbiz.de/10011587090

Wage shocks and the technological substitution of low-wage jobs

Aaronson, Daniel; Phelan, Brian J. - 2016

Persistent link: https://www.econbiz.de/10011595637