It is clear from the above diagram that in a competitive market, setting a minimum wage above the equilibrium rate, leads to deadweight welfare loss. The consumer (employer) surplus must decrease, while producer (employee) surplus may or may not increase; however the decrease in consumer surplus...
Hulten, in Handbook of the Economics of Innovation, 2010 2.1.1 Origins Growth accounts are a natural byproduct of the basic national accounting identity which relates the aggregate value of the final goods and services produced in a country (GDP) to the total value of the labor and capital ...
Effects are concentrated among jobs paying close to the minimum wage. We find corresponding drops in the probability of staying out of the labor force to care for family members. Results are consistent with simple labor supply models in which childcare costs create barriers to employment. Minimum ...
Finally, there seems to be a small 鈥渓iberal bias鈥where instructors who are in favor of the minimum wage are less likely to teach the standard labor supply-demand model, and a larger 鈥渃onservative bias鈥where instructors who tend to believe in the negative impact of a minimum wage ...
Flow diagram of bootstrap sampling process, starting with the full 65-country dataset, and ending with an estimate of the median out-of-sample R2calculated over all sets of model results. To ensure a fair comparison across model formulations, the same set of 100 bootstrap samples was utilized...
Institute for Energy Economics and Policy, China University of Petroleum (East China), Qingdao 266580, China * Author to whom correspondence should be addressed. Sustainability 2022, 14(20), 13470; https://doi.org/10.3390/su142013470 Submission received: 6 September 2022 / Revised: 3 October...
Nonrivalry and the Economics of Data. Am. Econ. Rev. 2020, 110, 2819–2858. [Google Scholar] Guo, B.N.; Wang, Y.; Zhang, H. Can the establishment of the big data pilot zone drive the improvement of the quality of China’s urban economic growth? J. Nanjing Univ. Financ. Econ. ...
A large literature in environmental economics explores the negative effects of original and destination cities’ air pollution on job location decisions [12,14], and net-outmigration rates in China [11]. However, little is known about the relationship between air pollution and migration intentions....