family’sincome,andsomeofthosefamilieswouldseetheirincomeriseabovethefederalpovertythreshold.Butsomejobsforlow-wageworkerswouldprobablybeeliminated,theincomeofmostworkerswhobecamejoblesswouldfallsubstantially,andtheshareoflow-wageworkerswhowereemployedwouldprobablyfallslightly.WhatOptionsforIncreasingtheMinimumWageDidCBO...
The minimum wage has been regarded as an important element of public policy for reducing poverty and inequality. Increasing the minimum wage is supposed to raise earnings for millions of low-wage workers and therefore lower earnings inequality. However, there is no consensus in the existing ...
Both Congress and the Senate recently passed legislation increasing the federal minimum wage from $5.15 to $6.15 per hour. Proposals to increase the federal minimum wage have lately received popular support from the public and politicians from "both sides of the aisle." Nonetheless, the research ...
Results suggest that, largely due to the composition of household incomes, a policy of increasing the minimum wage has a relatively small effect on the inequality of income per adult equivalent person, and a money metric utility measure, using several inequality indices. Hence, the minimum wage ...
This study investigates the impacts of the minimum wage on U.S. regional labor markets. Using ten years of county-level data, we examine the relationship between the minimum wage and several key components of the labor market. Following past research, the number of people in the labor force ...
The Contribution of Minimum Wages to Increasing Wage Inequality This paper investigates the effects of minimum wages on the income and employment of individuals, using longitudinal data from Brazil's Monthly Employment ... CN Teulings - 《Economic Journal》 被引量: 0发表: 2003年 The effect of ...
Specifically, although the income distribution (the wage and profit shares) is exogenously given in Rowthorn's model, it is endogenously determined in Raghavendra's. In place of Rowthorn's investment function, which is an increasing function of the capacity utilization and the profit rate, ...
Simultaneous consumption is a source of increasing returns and economies of scale. True False True or false? Income elasticity is the sensitivity of demand to changes in income. An increase in real GDP has no effect on the position of the money demand curve. ...
But the overwhelming evidence is that increasing the minimum wage is in general highly progressive overall. Google it, please, and look at the studies. One has it that a 10% increase in the min wage in the US will reduce the adult non-elderly poverty rate by 5%. That is not trivial an...
This paper investigates the effects of the age-dependent minimum wage on youth employment flows in the Netherlands. The Dutch minimum wage for workers aged 15-23 is defined as a step-wise increasing function of a worker's calendar age. At the age of 23, workers become eligible for the "ad...