Minimum Wages And Employment Theory And Empirical Evidence With A Special Emphasis On Germany
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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
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 with 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, 42 entries in the bibliography, 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 frame
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.
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.
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.
The Effect Of Minimum Wages On Employment
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Author : Richard Dickens
language : en
Publisher:
Release Date : 1994
The Effect Of Minimum Wages On Employment written by Richard Dickens and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Economics categories.
Minimum Wages As A Barrier To Entry
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Author : Ronald Bachmann
language : en
Publisher:
Release Date : 2012
Minimum Wages As A Barrier To Entry written by Ronald Bachmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
What Does The Minimum Wage Do
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Author : Dale Belman
language : en
Publisher: W.E. Upjohn Institute
Release Date : 2014-07-07
What Does The Minimum Wage Do written by Dale Belman and has been published by W.E. Upjohn Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-07 with Political Science categories.
Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more.
Minimum Wages And On The Job Training
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Author : Masanori Hashimoto
language : en
Publisher: AEI Studies
Release Date : 1981
Minimum Wages And On The Job Training written by Masanori Hashimoto and has been published by AEI Studies this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Business & Economics categories.
Monograph on effects of minimum wages regarding on the job training in the USA - considers impacts on employment and unemployment, demonstrates that on-the-job training increases wages and that minimum wages reduce the extent of training, and presents an empirical economic model, and wage policy alternatives. Bibliography pp. 69 to 72, diagrams and graphs.
The Minimum Wage And Labor Market Outcomes
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Author : Christopher J. Flinn
language : en
Publisher: MIT Press
Release Date : 2011-02-04
The Minimum Wage And Labor Market Outcomes written by Christopher J. Flinn and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-04 with Business & Economics categories.
The introduction of a search and bargaining model to assess the welfare effects of minimum wage changes and to determine an “optimal” minimum wage. In The Minimum Wage and Labor Market Outcomes, Christopher Flinn argues that in assessing the effects of the minimum wage (in the United States and elsewhere), a behavioral framework is invaluable for guiding empirical work and the interpretation of results. Flinn develops a job search and wage bargaining model that is capable of generating labor market outcomes consistent with observed wage and unemployment duration distributions, and also can account for observed changes in employment rates and wages after a minimum wage change. Flinn uses previous studies from the minimum wage literature to demonstrate how his model can be used to rationalize and synthesize the diverse results found in widely varying institutional contexts. He also shows how observed wage distributions from before and after a minimum wage change can be used to determine if the change was welfare-improving. More ambitiously, and perhaps controversially, Flinn proposes the construction and formal estimation of the model using commonly available data; model estimates then enable the researcher to determine directly the welfare effects of observed minimum wage changes. This model can be used to conduct counterfactual policy experiments—even to determine “optimal” minimum wages under a variety of welfare metrics. The development of the model and the econometric theory underlying its estimation are carefully presented so as to enable readers unfamiliar with the econometrics of point process models and dynamic optimization in continuous time to follow the arguments. Although most of the book focuses on the case where only the unemployed search for jobs in a homogeneous labor market environment, later chapters introduce on-the-job search into the model, and explore its implications for minimum wage policy. The book also contains a chapter describing how individual heterogeneity can be introduced into the search, matching, and bargaining framework.
Minimum Wages Low Pay And Unemployment
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Author : D. Meulders
language : en
Publisher: Palgrave Macmillan
Release Date : 2004-05-25
Minimum Wages Low Pay And Unemployment written by D. Meulders and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-05-25 with Business & Economics categories.
Low-paid employment is a key issue for labour market policy. The essays in this book, focusing on European countries, provide new empirical evidence regarding the impact of minimum wages on employment, earnings mobility among low-paid workers, job satisfaction across the earnings distribution, unemployment traps, the demand for low-skilled workers, and the existence of monopsonistic competition.