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Moonlighting and the Minimum Wage
2023IAB-Discussion Paper, 2023 ...
Vom Berge, Philipp, Umkehrer, Matthias
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How important are minimum wage increases in increasing the wages of minimum wage workers?
Contemporary Economic Policy, 2022AbstractPopular discussion presumes minimum wage increases primarily drive wage gains for minimum wage workers. We investigate this presumption using the Current Population Survey to assess the fraction of minimum wage workers receiving raises after 12 months.
Jeffrey P. Clemens, Michael Strain
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Labour Economics, 2008
Abstract The paper analyzes the influence of minimum wages on firms' incentive to train their employees. We show that this influence rests on two countervailing effects: minimum wages (i) augment wage compression and thereby raise firms' incentives to train and (ii) reduce the profitability of employees, raise the firing rate and thereby reduce ...
Lechthaler, Wolfgang, Snower, Dennis
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Abstract The paper analyzes the influence of minimum wages on firms' incentive to train their employees. We show that this influence rests on two countervailing effects: minimum wages (i) augment wage compression and thereby raise firms' incentives to train and (ii) reduce the profitability of employees, raise the firing rate and thereby reduce ...
Lechthaler, Wolfgang, Snower, Dennis
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The Minimum Wage, Turnover, and the Shape of the Wage Distribution
Journal of Labor Economics, 2023This paper proposes an empirical approach to decompose the distributional effects of minimum wages into effects for workers moving out of employment, workers moving into employment, and workers continuing in employment. We estimate the effects of the minimum wage on the hazard rate for wages, which provides a convenient way of re-scaling the wage ...
Brochu, Pierre +3 more
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Minimum Wage and Justice? [PDF]
Review of Social Economy, 2000 The debate over the minimum wage is often conducted on a technical level, primarily focusing on the effects of wage increases.
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SSRN Electronic Journal, 2018
This paper shows that increased factor mobility might cause the “race to the top” in minimum wage settings, contrary to what other studies have suggested. By focusing on geographical labor mobility, we propose a minimum wage competition model and show that minimum wage rates may increase after a significant increase in mobility because it allows each ...
Koichi Fukumura, Atsushi Yamagishi
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This paper shows that increased factor mobility might cause the “race to the top” in minimum wage settings, contrary to what other studies have suggested. By focusing on geographical labor mobility, we propose a minimum wage competition model and show that minimum wage rates may increase after a significant increase in mobility because it allows each ...
Koichi Fukumura, Atsushi Yamagishi
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Minimum Wages, Efficiency and Welfare
Econometrica, 2022Many argue that minimum wages can prevent efficiency losses from monopsony power. We assess this argument in a general equilibrium model of oligopsonistic labor markets with heterogeneous workers and firms. We decompose welfare gains into an efficiency component that captures reductions in monopsony power and a redistributive ...
Berger, David +2 more
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Setting the Minimum Wage [PDF]
SSRN Electronic Journal, 2009 The process leading to the setting of the minimum wage so far has been overlooked by economists. There are two common ways of setting national minimum wages: they are either government legislated or the byproduct of collective bargaining agreements, which are extended erga omnes to all workers.
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2020
This chapter begins with a historical review of the federal minimum wage and data about minimum wage. The current federal minimum wage is $7.25 an hour and hasn’t been increased in 10 years. Twenty-nine states have a minimum wage higher than the federal one. An economic analysis of the minimum wage follows with a review of the empirical research.
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This chapter begins with a historical review of the federal minimum wage and data about minimum wage. The current federal minimum wage is $7.25 an hour and hasn’t been increased in 10 years. Twenty-nine states have a minimum wage higher than the federal one. An economic analysis of the minimum wage follows with a review of the empirical research.
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Abstract The minimum wage remains a popular but controversial policy instrument. This chapter addresses two issues in the minimum wage debate. The first is about the value of the minimum wage. What should the minimum wage be for: does it enhance the efficiency of the labour market, redistribute income (at some cost to efficiency), or ...
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