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Wednesday, May 13, 2020 | History

2 edition of Employment effects of minimum and subminimum wages found in the catalog.

Employment effects of minimum and subminimum wages

David Neumark

Employment effects of minimum and subminimum wages

reply to Card, Katz, and Krueger

by David Neumark

  • 354 Want to read
  • 38 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Wages -- Minimum wage -- United States -- Econometric models.,
  • Youth -- Employment -- United States -- Econometric models.,
  • Teenagers -- Employment -- United States -- Econometric models.

  • Edition Notes

    StatementDavid Neumark, William Wascher.
    SeriesNBER working paper series -- working paper no. 4570, Working paper series (National Bureau of Economic Research) -- working paper no. 4570.
    ContributionsWascher, William L., National Bureau of Economic Research.
    The Physical Object
    Pagination24, [10] p. ;
    Number of Pages24
    ID Numbers
    Open LibraryOL22427546M

    Deere, Donald, Kevin M. Murphy, and Finis Welch. “Employment and the Minimum-Wage Hike.” American Economic Review 85 (2, May), pp. Neumark, David, and William Wascher. “Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws.”. A Short Summary of Research on Minimum Wage and Employment Effects The issue of the effect that increases in the minimum wage have on employment has been studied by many economists over the years. This is a short summary of some of that research. A recently published study in the USA by Dube, Lester and Reich, “Minimum WageFile Size: 58KB.

    In this book, David Neumark and William Wascher offer a comprehensive overview of the evidence on the economic effects of minimum wages. Synthesizing nearly two decades of their own research and reviewing other research that touches on the same questions, Neumark and Wascher discuss the effects of minimum wages on employment and hours, the /5(13). The Effect of Minimum Wages on Immigrants’ Employment and Earnings The federal minimum wage increased to $ from $ in July —the first increase in the federal wage floor in a decade—and will rise in two additional cent increments over the next two years, reaching $ an hour in July These increases bring new.

    "Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws," Industrial and Labor Relations Review, vol. 46, no. 1, pp. Neumark, David, and William L. Wascher (). “Employment Effects of Minimum and Subminimum Wages—Panel Data on State Minimum Wage Laws.” Industrial and Labor Relations Review. 46(1): 55– ———. a. “Minimum Wage Effects on School and Work Transitions of Teenagers.” American Economic Review Papers and Proceedings. 85(2): – ———. b. “Minimum.


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Employment effects of minimum and subminimum wages by David Neumark Download PDF EPUB FB2

Through the s, many early studies of the employment effects of minimum wages focused on the US. These studies estimated the effects of changes in the national minimum wage on the aggregate employment of young people, typically 16−19 year-olds or 16−24 year-olds, many of whom have low by: 6. In Neumark and Wascher (), we present findings supporting the earlier consensus that minimum wages reduce employment for teens and young adults, with elasticities in the range to In addition, we find that subminimum wages moderate these disemployment effects.

Card, Katz and Krueger. Title: Employment effects of minimum and subminimum wages: Panel data on state minimum wage laws. Created Date: 7/27/ PMFile Size: 1MB.

Using a specially constructed panel data set on state minimum wage laws and labor market conditions, Neumark and Wascher () presented evidence that countered the claim that minimum wages could be raised with no cost to employment.

They concluded that estimates indicating that minimum wages reduced employment on the order of percent for a 10 Author: David Neumark.

Get this from a library. An evaluation of recent evidence on the employment effects of minimum and subminimum wages. [David E Card; Lawrence F Katz; Alan B Krueger; National Bureau of Economic Research.].

Neumark and Wascher: w The Effect of New Jersey's Minimum Wage Increase on Fast-Food Employment: A Re-Evaluation Using Payroll Records: Neumark and Wascher: w Evidence on Employment Effects of Minimum Wages and Subminimum Wage Provisions From Panel Data on State Minimum Wage Laws: Neumark and Wascher: w Employment.

The Fair Labor Standards Act (FLSA) provides for the employment of certain individuals at wage rates below the minimum wage. These individuals include student-learners (vocational education students), as well as full-time students employed by retail or service establishments, agriculture, or institutions of higher education.

Also included are individuals whose earning or productive. Get this from a library. Employment effects of minimum and subminimum wages: reply to Card, Katz, and Krueger.

[David Neumark; William L Wascher; National Bureau of Economic Research.]. For this report, the Congressional Budget Office (CBO) examined the effects on employment and family income of two options for increasing the federal minimum wage: A “$ option” would increase the federal minimum wage from its current rate of $ per hour to $ per hour in three steps—in, and Downloadable.

We review the burgeoning literature on the employment effects of minimum wages—in the United States and other countries—that was spurred by the "new minimum wage research" beginning in the early 's. The wide range of existing estimates makes it difficult for us to draw broad generalizations about the implications of the new minimum wage research.

of the employment effects of minimum wages, assessing the quality of each study and focusing on those that are most reliable [2], [3]. Studies focusing on the least skilled were highlighted, as the predicted job destruction effects of minimum wages were expected to be more evident in those studies.

Reflecting the greater variety of methods andFile Size: KB. In its proposal to increase the minimum wage, the Clinton administration and some scholars have claimed that employment would not be adversely affected.

Other research supports the widespread consensus among economists that a higher minimum wage means fewer jobs. In this study, leading proponents of both views discuss the strengths and weaknesses of those. Define subminimum wage. subminimum wage synonyms, subminimum wage pronunciation, subminimum wage translation, English dictionary definition of subminimum wage.

Employment effects of minimum and subminimum wages: reply to Card, Katz, and Krueger. In fact, half of all minimum wage and subminimum wage workers were employed in retail trade. The Effect of Subminimum Wage Introduction on Employment in Greece1 Alexandros Karakitsios2 March Abstract InGreek government introduced a 22% cut in the minimum wage for all private sector employees and a 10 percentage points larger cut for those aged below 25 years ineffectively introducing a subminimum wage for the latter.

Examining the direct effects of state-specific minimum wages, we find that increases in state minimum wages raise average teenage wages but have essentially no employment effects.

Finally, a careful analysis of Neumark and Wascher's data shows that subminimum wage provisions are rarely by: If in any case the minimum wages lessen employment of low-skill employees, then minimum wage is not a “free lunch” in which to help low-income and poor families, but as an alternative pose a tradeoff that is of benefit for several against costs for others.

Effects of the minimum wages on employment. Some evidence compatible with negative employment effects of the minimum wage comes from the Netherlands where, from toyouth subminimum wages were sharply lowered.

Dolado et al. () do find that relative to youth employment changes in the economy overall, youth relative employment generally rose in low paying occupations, the.

The Effect of Minimum Wage on Employment There has been a heated debate among economic scholars on issues concerning the effect of minimum wage on employment.

In efforts to prove the point of their arguments, many scholars have conducted researches on the impact of increasing the minimum wage rates on the levels of employment. In MayNew Hampshire became the first state to ban paying subminimum wages to workers with disabilities.

Maryland (in ) and Alaska (in ) have since done the same. In30 states had binding minimum wages above the federal minimum wage, up from 22 in and 12 inas illustrated in Figure 1.

Considering the relationship between the minimum wage and aggregate measures of income inequality orFile Size: KB. Legislation passed in raised the minimum wage, in three stages, to $ in Since businesses earning less than $, annually have not been subject to minimum-wage rules.

A number of states and cities have minimum wages that are higher than the federal minimum wage. See also wages.Minimum wages exist in more than one hundred countries, both industrialized and developing.

The United States passed a federal minimum wage law in and has increased the minimum wage and its coverage at irregular intervals ever since; in addition, as of the beginning ofthirty-two states and the District of Columbia had established a minimum wage higher than the 5/5(1).I estimate the effects of the minimum wage on wages and employment using panel data techniques and monthly Brazilian household data from .