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Advocates of minimum wage increases have long touted their potential to reduce poverty. This study assesses this claim ….17 percent increase in the probability of longer-run poverty among all persons. With 95% confidence, we can rule out long …-run poverty elasticities with respect to the minimum wage of less than -0.129, which includes central poverty elasticities …
Persistent link: https://www.econbiz.de/10014250199
What is the impact of raising the minimum wage on family incomes? To test this, I use data from Australia, a country whose minimum wages are among the highest in the world. Analyzing the characteristics of low wage workers, I find that those who earn near-minimum wages are disproportionately...
Persistent link: https://www.econbiz.de/10014061335
The available estimations about the effect of minimum wage on poverty relies on partial equilibrium analysis. We …. Using a computable general equilibrium model we simulate the poverty level in Brazil if only minimum wage have changed. Our … results shows that an increase on minimum wage increases, although slightly, the poverty level, when the social security …
Persistent link: https://www.econbiz.de/10014111918
This paper examines the relationship between minimum wages and poverty in developing countries. We regress changes in … poverty indicators for a group of twenty-two developing countries on minimum wage changes, changes in per capita income …, changes in average real wages, human capital investment, and other variables associated with changes in poverty. The …
Persistent link: https://www.econbiz.de/10014095252
Persistent link: https://www.econbiz.de/10013401908
The prevailing labor market models assume that minimum wages do not affect the labor supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects' reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10002880965
We use a choice experiment to examine public support for minimum wages. We first elicit respondents' moral assessment of two labor market systems: one with a minimum wage and one without. Then, we present four pairs of hypothetical employment outcomes and ask respondents to "vote." Our estimates...
Persistent link: https://www.econbiz.de/10012898037
A number of large retail chains with monopsony power, such as Walmart, pay their low level employees so little that these employees are eligible for food stamps and other governmental benefits. In addition to paying low wages, these chains often have hourly restrictions so that their employees...
Persistent link: https://www.econbiz.de/10012992458
We use a survey-based experiment to examine public support for minimum wages. We first elicit respondents' moral assessment of two labor market systems: one with a minimum wage and one without. We find that gender and political affiliation are the strongest predictors of moral assessments, where...
Persistent link: https://www.econbiz.de/10013211242
The prevailing labor market models assume that minimum wages do not affect the labor supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects' reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10013318483