Evaluating Minimum Wage Laws
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Evaluating Minimum Wage Laws
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Author : André Müller
language : en
Publisher:
Release Date : 2020-06-21
Evaluating Minimum Wage Laws written by André Müller and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-21 with categories.
Seminar paper from the year 2020 in the subject Business economics - Economic Policy, grade: 1,7, SRH - Mobile University, language: English, abstract: The present paper aims at evaluating minimum wage laws. In order to reflect the topic, two countries - Germany and the United Kingdom -, which have already introduced minimum wages, are chosen as examples. Furthermore, the paper examines minimum wages from the perspective of two different economic theories on government intervention by introducing the neoclassical and the Keynesian approach. It investigates the observed actual impact and effectiveness of minimum wage legislation against the presented market theories as well as against the objectives and expectations raised by the legislation. Finally, the student paper gives a recommendation whether the introduction of minimum wages is actually worthwhile or not. The paper starts with a definition of the problem and introduces objectives as well as current relevance of the topic. Subsequently, the theoretical background is reflected. This includes the definition of the term minimum wage as well as presenting the neoclassical and the Keynesian economic theory. Chapter two finally ends with a short summary. Afterwards, the paper continues with Chapter three, which describes the minimum wage concepts of Germany and the United Kingdom. Therefore, the implementation track records explain the history, structure and the scope of the different minimum wage concepts. The critical discussion in chapter four finally evaluates the observed actual impact and effectiveness of minimum wages against the economic theories. Furthermore, it reflects the expectations and objectives which are raised by the government. The paper concludes with a summary and an outlook.
Minimum Wages And Employment
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Author : David Neumark
language : en
Publisher: Now Publishers Inc
Release Date : 2007
Minimum Wages And Employment written by David Neumark and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Employment (Economic theory) categories.
"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 1990s. Our review indicates that there is a wide range of existing estimates and, accordingly, a lack of consensus about the overall effects on low-wage employment of an increase in the minimum wage. However, the oft-stated assertion that recent research fails to support the traditional view that the minimum wage reduces the employment of low-wage workers is clearly incorrect. A sizable majority of the studies surveyed in this monograph give a relatively consistent (although not always statistically significant) indication of negative employment effects of minimum wages. In addition, among the papers we view as providing the most credible evidence, almost all point to negative employment effects, both for the United States as well as for many other countries. Two other important conclusions emerge from our review. First, we see very few -- if any -- studies that provide convincing evidence of positive employment effects of minimum wages, especially from those studies that focus on the broader groups (rather than a narrow industry) for which the competitive model predicts disemployment effects. Second, the studies that focus on the least-skilled groups provide relatively overwhelming evidence of stronger disemployment effects for these groups"--Forschungsinstitut zur Zukunft der Arbeit web site.
Minimum Wages And Employment Theory And Empirical Evidence With A Special Emphasis On Germany
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Author : Peter Schmidt
language : en
Publisher: GRIN Verlag
Release Date : 2009-02-10
Minimum Wages And Employment Theory And Empirical Evidence With A Special Emphasis On Germany written by Peter Schmidt and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-10 with Political Science categories.
Master's Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 1,0 (A), University of Wisconsin-Milwaukee (Department of Economics), course: Labor Economics II, language: English, abstract: One of the most important issues that was in the center of the political debate in Germany in the last few months is the introduction of minimum wages. It was caused by the politically forced imposition of a minimum wage in the sector for postal services which, in the view of many experts, provides a competitive advantage for the major postal service company “Deutsche Post World Net”1 compared to its competitors. Then it happened that the “PIN – Group AG” one of the most important domestic competitors of the “Deutsche Post World Net” was threatened by insolvency as its largest shareholder the publisher “Axel Springer AG” was no longer willing to invest money in the “PIN - Group AG”. Additionally, many newspapers published by Axel Springer AG wrote articles against the imposition of a minimum wage for many weeks and published many interviews with economic experts warning about the negative effects of a minimum wage on the overall German labor market. Furthermore, political considerations, e.g. by the secretary of labor, to introduce a federal minimum wage in Germany even caused the chairmen of the eight leading economic research institutes in Germany to publish a letter in the newspaper “Das Handelsblatt”2 where they advise politicians against the introduction of a federal minimum wage if (large) employment losses should be avoided. On the other hand, a few other researchers, experts and politicians like the “IAB”3 as a specific labor market research institute believe that minimum wages even could create jobs and must not necessarily destroy them. This paper is motivated by this ongoing debate between economists and policymakers in the whole world. That is why in the first part of the paper the major theoretical framework which is used by economists to analyze and empirically assess the impacts of minimum wages on employment should be presented.
Evaluation Of The Minimum Wages And Maximum Hours Standards Of The Fair Labor Standards Act January 1965
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Author : United States. Wage and Hour and Public Contracts Divisions
language : en
Publisher:
Release Date : 1965
Evaluation Of The Minimum Wages And Maximum Hours Standards Of The Fair Labor Standards Act January 1965 written by United States. Wage and Hour and Public Contracts Divisions and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1965 with categories.
A Measure Of Fairness
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Author : Robert Pollin
language : en
Publisher: Cornell University Press
Release Date : 2018-07-05
A Measure Of Fairness written by Robert Pollin and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-05 with Business & Economics categories.
In early 2007, there were approximately 140 living wage ordinances in place throughout the United States. Communities around the country frequently debate new proposals of this sort. Additionally, as a result of ballot initiatives, twenty-nine states and the District of Columbia, representing nearly 70 percent of the total U.S. population, maintain minimum wage standards above those set by the federal minimum wage.In A Measure of Fairness, Robert Pollin, Mark Brenner, Jeannette Wicks-Lim, and Stephanie Luce assess how well living wage and minimum wage regulations in the United States serve the workers they are intended to help. Opponents of such measures assert that when faced with mandated increases in labor costs, businesses will either lay off workers, hire fewer low-wage employees in the future, replace low-credentialed workers with those having better qualifications or, finally, even relocate to avoid facing the increased costs being imposed on them.The authors give an overview of living wage and minimum wage implementation in Louisiana, New Mexico, Arizona, California, Massachusetts, and Connecticut to show how these policies play out in the paychecks of workers, in the halls of legislature, and in business ledgers. Based on a decade of research, this volume concludes that living wage laws and minimum wage increases have been effective policy interventions capable of bringing significant, if modest, benefits to the people they were intended to help.
Minimum Wage Legislation In The United States
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Author :
language : en
Publisher:
Release Date : 1976
Minimum Wage Legislation In The United States written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Minimum wage categories.
Minimum Wages
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Author : E. G. West
language : en
Publisher: Economic Council of Canada and the Institute for Research on Public Policy
Release Date : 1980
Minimum Wages written by E. G. West and has been published by Economic Council of Canada and the Institute for Research on Public Policy this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Monograph on minimum wages, with special reference to Canada - covers trends since 1965 concerning local level wage structure and wage determination, and deals with economic theory issues regarding employment, unemployment, income distribution and prices, effectiveness as an anti-poverty and income redistribution tool, and its preference to negative income tax. Bibliography pp. 111 to 119 and statistical tables.
Critical Perspectives On The Minimum Wage
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Author : Anne C. Cunningham
language : en
Publisher: Enslow Publishing, LLC
Release Date : 2016-07-15
Critical Perspectives On The Minimum Wage written by Anne C. Cunningham and has been published by Enslow Publishing, LLC this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-15 with Juvenile Nonfiction categories.
Perspectives on minimum wage have changed significantly over the past twenty years, as seen in the increased momentum of movements around the country to increase workers' salaries. Critics of an increased minimum wage argue that it will lead to mass lay-offs and increased unemployment. Proponents argue the opposite, that it will jump start our economy. In this book, economists, the media, the courts, and even ordinary people will weigh in on this contentious issue, allowing students to evaluate the minimum wage from all sides.
Restaurants And Other Food Service Enterprise
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Author : United States. Wage and Hour and Public Contracts Divisions
language : en
Publisher:
Release Date : 1964
Restaurants And Other Food Service Enterprise written by United States. Wage and Hour and Public Contracts Divisions and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Hotels categories.
Myth And Measurement
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Author : David Card
language : en
Publisher: Princeton University Press
Release Date : 2015-12-22
Myth And Measurement written by David Card and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.
From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.