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The asymmetric effect of wage floors : a natural experiment with a rising and falling minimum wage

Huet-Vaughn, Emiliano; Piqueras, Jon - 2023

Exploiting a unique natural experiment,we showthe asymmetric effects of a large increase and an equivalent subsequent decrease to a binding minimum wage. Wages in a leading low-wage industry increase as the minimumwage rises, but do not fall when it is lowered. This boost for low-wage workers'...

Persistent link: https://www.econbiz.de/10014445444

Evolving wage cyclicality in Latin America

Gambetti, Luca; Messina, Julián - 2017

, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period …

Persistent link: https://www.econbiz.de/10011636567

Evolving wage cyclicality in Latin America

Gambetti, Luca; Messina, Julián - 2016

(Brazil, Chile, Colombia and Mexico) during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early …

Persistent link: https://www.econbiz.de/10011519079

Evolving Wage Cyclicality in Latin America

Gambetti, Luca - 2017

(Brazil, Chile, Colombia and Mexico) during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early …

Persistent link: https://www.econbiz.de/10012958082

Evolving Wage Cyclicality in Latin America

Gambetti, Luca - 2017

, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period …

Persistent link: https://www.econbiz.de/10012959063

The short-run effects of the minimum wage on employment and labor market participation : evidence from an individual-level panel

Boffy-Ramirez, Ernest - 2019

advantage of individual-level longitudinal data to observe the impacts of minimum wage changes on unemployment and labor force … determines unemployment and labor force participation. Specifically, the empirical strategy controls any fixed individual … increase in unemployment immediately following a minimum wage increase. In addition, it does not appear that employers are …

Persistent link: https://www.econbiz.de/10011978325

The minimum wage from a two-sided perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014

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

Can minimum wages raise workers' incomes in the long run?

Oikonomidēs, Geōrgios; Moutos, Thomas - 2016 - This Draft: May 2016

Using an intertemporal model of saving and capital accumulation with two types of agents (workers and capitalists) we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to...

Persistent link: https://www.econbiz.de/10011481224

Minimum wages as a redistributive device in the long run

Oikonomidēs, Geōrgios; Moutos, Thomas - 2014

This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...

Persistent link: https://www.econbiz.de/10010428828

On the interaction between minimum wage adoption and fiscal redistribution : a theoretical and empirical investigation

Oikonomidēs, Geōrgios; Kammas, Pantelis; Moutos, Thomas - 2020

We explain the public's support for the minimum wage (MW) institution despite economists' warnings that the MW is a "blunt instrument" for redistribution. To do so we build a model in which workers are heterogeneous in ability, and the government engages in redistribution through the public...

Persistent link: https://www.econbiz.de/10012229263