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Minimum wage increases are not an effective mechanism for reducing poverty. And there is little causal evidence that … to reduce poverty. It raises only the after-tax wage rates of workers in low- and moderate-income families, its tax …
Persistent link: https://www.econbiz.de/10011431715
Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in … poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum … wage do not live in poor (or near-poor) families. A better tool for reducing poverty, and at lower cost, is the earned …
Persistent link: https://www.econbiz.de/10010366925
Minimum wage policy supported by a strong social policy is an efficient mechanism against poverty and income erosion of …
Persistent link: https://www.econbiz.de/10010346843
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10010402108
Minimum wage increases are not an effective mechanism for reducing poverty. And there is little causal evidence that … to reduce poverty. It raises only the after-tax wage rates of workers in low- and moderate-income families, the tax …
Persistent link: https://www.econbiz.de/10013254360
Persistent link: https://www.econbiz.de/10013259577
Persistent link: https://www.econbiz.de/10012249152
A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty … but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment …
Persistent link: https://www.econbiz.de/10012251363