Minimum Wages And Poverty
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Minimum Wages And Social Policy
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Author : Wendy V. Cunningham
language : en
Publisher: World Bank Publications
Release Date : 2007
Minimum Wages And Social Policy written by Wendy V. Cunningham and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Political Science categories.
Offering evidence from both detailed individual country studies and homogenized statistics across the Latin American and Caribbean region, this book examines the impact of the minimum wage on wages, employment, poverty, income distribution and government budgets in the context of a large informal sector and predominantly unskilled workforces.
Minimum Wages And Poverty
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Author : Richard V. Burkhauser
language : en
Publisher:
Release Date : 2023
Minimum Wages And Poverty written by Richard V. Burkhauser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Advocates of minimum wage increases have long touted their potential to reduce poverty. This study assesses this claim. Using data spanning nearly four decades from the March Current Population Survey, and a dynamic difference-in-differences approach, we find that a 10 percent increase in the minimum wage is associated with a (statistically insignificant) 0.17 percent increase in the probability of longer-run poverty among all persons. With 95% confidence, we can rule out long-run poverty elasticities with respect to the minimum wage of less than -0.129, which includes central poverty elasticities reported by Dube (2019). Prior evidence suggesting large poverty-reducing effects of the minimum wage are (i) highly sensitive to researcher's choice of macroeconomic controls, and (ii) driven by specifications that limit counterfactuals to geographically proximate states ("close controls"), which poorly match treatment states' pre-treatment poverty trends. Moreover, an examination of the post-Great Recession era -- which saw frequent, large increases in state minimum wages -- failed to uncover poverty-reducing effects of the minimum wage across a wide set of specifications. Finally, we find that less than 10 percent of workers who would be affected by a newly proposed $15 federal minimum wage live in poor families.
Minimum Wages And Poverty
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Author : J. P. Formby
language : en
Publisher: Elsevier Science Limited
Release Date : 2005-04-27
Minimum Wages And Poverty written by J. P. Formby and has been published by Elsevier Science Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-04-27 with Business & Economics categories.
This research investigates the impact of three equal cost alternative labour market policies on the economic well-being of low-income families and society in general at the turn of the 21st century. The principal focus is on how changes in the minimum wage, Earned Income Tax Credit (EITC), and payroll taxes influence the well-being of low-income American families. The methods we employ also reveal how much of the benefits from raising the minimum wage, increasing the EITC, and reducing payroll taxes of workers in low-income families accrue to families in the middle and upper ranges of the income distribution. Thus, we consider the entire distribution, but focus primary attention on families and persons at or near the bottom of the income distribution. The research reported in this book has three distinguishing features.First, it examines and compares changes in the minimum wage, the EITC, and payroll taxes using a common analytical framework. There is considerable discussion of the impacts of raising the minimum wage and increasing EITC payments. The research reported here places these two policies in an 'equivalent social cost' framework and analyses the distributional consequences of each policy. In addition, we use the same equivalent cost paradigm to investigate an alternative policy that rebates a portion of the payroll taxes paid by workers in low-income families. A second distinguishing feature of the research is that it incorporates important insights from the poverty and income distribution literature into the analysis of labour market policies and family well-being.This literature suggests that any evaluation of success or failure of poverty fighting policies that increase the minimum wage, expand the EITC, or reduce payroll taxes requires that the poor population be properly identified and poverty measured using distribution sensitive measures of poverty and not simple headcounts of the poor. Further, it is important to check for the sensitivity of any conclusions about the policy choices to alternative poverty lines. A third distinguishing feature of the research is that we use important developments in the applied welfare economics of income distribution to address the key question: Which policy alternative is best?
Minimum Wages And Poverty In Developing Countries
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Author : Nora Lustig
language : en
Publisher:
Release Date : 1996
Minimum Wages And Poverty In Developing Countries written by Nora Lustig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Minimum wage categories.
Examines the relationship between minimum wages and poverty.
Poverty Prosperity And The Minimum Wage
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Author : Avery Elizabeth Hurt
language : en
Publisher: Greenhaven Publishing
Release Date : 2021-12-15
Poverty Prosperity And The Minimum Wage written by Avery Elizabeth Hurt and has been published by Greenhaven Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-15 with Young Adult Nonfiction categories.
"Anthology of diverse viewpoints exploring stagnating wages in the United States and how an increase to the federal minimum wage would affect workers and the economy"--
The Minimum Wage
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Author : Deepak Lal
language : en
Publisher:
Release Date : 1995
The Minimum Wage written by Deepak Lal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
CONTENTS: Introduction; Poverty Alleviation; Efficiency; Conclusions; Summary.
A European Minimum Wage Implications For Poverty And Macroeconomic Imbalances
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Author : Ms.Enrica Detragiache
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-22
A European Minimum Wage Implications For Poverty And Macroeconomic Imbalances written by Ms.Enrica Detragiache and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-22 with Business & Economics categories.
A hypothetical European Minimum Wage (MW) set at 60 percent of each country’s median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits may erode direct benefits. Turning to competitiveness, since the MW increase to reach the European standard would be larger in euro area countries with excessive external surpluses, the associated real appreciation should help curb existing imbalances. However, a few countries with already weak external positions would experience an undesirable real appreciation.
Minimum Wages And Poverty
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Author : John T. Addison
language : en
Publisher:
Release Date : 1998
Minimum Wages And Poverty written by John T. Addison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
The principal justification for minimum wage legislation resides in improving the economic condition of low-wage workers. Most previous analyses of the distributional effects of minimum wages have been confined to simulation exercises employing rather restrictive assumptions that guarantee the conclusion that an increase in the minimum wage reduces poverty. In contrast, we adopt a more flexible "reduced-form" approach that links increases in both federal and state minima to contemporaneous changes in poverty rates. For the period 1983-96, we find indication of a poverty-reducing effect of minimum wages among older junior-high dropouts and among teenagers.
Poverty And The Minimum Wage
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Author : Donald O. Parsons
language : en
Publisher: A E I Press
Release Date : 1980
Poverty And The Minimum Wage written by Donald O. Parsons and has been published by A E I Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Monograph commenting on effects of minimum wage labour legislation on woman worker wage rates and poverty reduction in the USA - based on national level longitudinal surveys, analyses female wage trends from 1967 to 1976 by race and industry. Graphs, references and statistical tables.
Effects Of Minimum Wage Policy On Poverty In Argentina
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Author : Stefan Legge
language : en
Publisher: diplom.de
Release Date : 2009-05-07
Effects Of Minimum Wage Policy On Poverty In Argentina written by Stefan Legge and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-07 with Business & Economics categories.
Inhaltsangabe:Introduction: In 1886, when New Zealand passed the New Zealand Industrial Conciliation and Arbitration Act it was the first modern country to enact a minimum wage. Half a century later on June 25, 1938, US-President Franklin D. Roosevelt signed into law America's first minimum wage: 25 cents an hour. Since that time minimum wages are a frequent topic of international economic science. Many economists have discussed the question whether or not a statutory wage floor is a useful tool for achieving social goals. Especially the Chicago School of Economics and its representatives like Milton Friedman or George Stigler rejected minimum wage policies. They were supported by ordoliberal economists like Walter Eucken or Friedrich Hayek. On the other side, supporters of Keynesian theories have often been in favor of statutory wage floors. For a long time most economists restricted research about the impact of minimum wages to its employment effects in industrial countries. By doing that, there was an astonishing accordance that the effects are insignificant if the minimum wage is low and employment-reducing if it is above a certain threshold. But in the last twenty years, there has been a new discussion about whether or not this result can be proved with recent data and new econometric methods. Especially the study by Card and Krueger in 1994 called the negative employment effects into question. However, minimum wages are not intended to stimulate employment but to increase the welfare of poor workers. Therefore, economic research should focus on the welfare effects of institutional wage floors. This includes employment and price effects as well as the impact on human capital accumulation. In other words, analyses about minimum wages must comprise a couple of indicators for welfare. Another weak point of minimum wage research is its focus on industrial countries. There is little evidence about minimum wages' impact on poverty in developing or emerging economies. Since a large share of the population in poor countries still suffers from enormous destitution and minimum wages are intended to alleviate poverty, it is of great interest whether or not this goal has be achieved. Argentina is an upper-middle income country and experienced a severe economic crisis in 2001/2002 with a dramatic downfall of the GDP. Since then the country has rebounded and poverty rates have decreased substantially. At the same time, the Argentine government raised [...]