The main findings are that the increase in the minimum wage significantly reduced employment of 18 and 19 year olds, but increased employment of 20–25 year olds.SoniaCPereiraEBSCO_bspEuropean Economic ReviewPereira, Sonia C. 2003. "The Impact of Minimum Wages on Youth Employment in ...
minimum wage 最低工资; gross/real wages 全部/实际收入; monthly/weekly/hourly wages 月/周/时薪; wage ceiling 工资上限; premium, bonus, extra pay 奖励; payday 付薪日; pay slip/payroll 工资单; old-age pension 退休金,养老金 ...
The latter surveyed a sample of 15-year-old high school students in 1999 and followed them every 2 years until 2009. Given this survey design, the sample size is small, and the sample covers one cohort only. SLID also has advantages over the datasets previously used in other studies (e....
The increase in minimum wages between 2007 and 2009 can account for a 0.8 percentage point increase in the steady state unemployment rate and a 2.8 percentage point increase in unemployment for 15-24 year old workers in the model parameterized to simulate outcomes of high school educated workers....
Respondents to the NLSY97 report up to 11 wages in a given survey year. A respondent is considered to be bound by a minimum wage change if at least one of the reported jobs fits the aforementioned criteria. Jobs with reported wages of zero dollars are considered invalid and excluded from ...
A similar finding is presented by Monras (2019), who investigates the correlation between state-level applicable MW changes and the inter-state mobility of prime-age (25-35 years old) low-skilled workers in the United States. He shows that, on average, MWs positively affect wages but ...
Assume that in year τ there are I incumbent workers in the firm k, with workers 1, 2, …, mτ being in the group whose wages will rise due to the minimum wage increase and mτ+1,mτ+2,…,I in the group whose MRP is above the new minimum wage. Assume that the minimum wage ...
Professor Mayhew said employers could justify lower wages during a training period - when young workers are less productive - "but I think for national legislation to assume that's true for all 18 to 20-year-olds is dodgy, quite frankly". ...
Reservation wages are part of the transmission mechanism between minimum wages and unemployment via the labour force participation decision. The limited av
A minimum wage is the lowest wage that a worker may be paid per hour. It's a price floor on hourly wages mandated by federal law.Nonexempt workerscan't be offered a job or agree to work for less than this amount. Minimum wages are set by the federal government and by states. They...