Download or read book Rational Expectations and the Puzzling No effect of the Minimum Wage written by Sara Pinoli and published by . This book was released on 2010 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What Does the Minimum Wage Do written by Dale Belman and published by W.E. Upjohn Institute. This book was released on 2014-07-07 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Myth and Measurement written by David Card and published by Princeton University Press. This book was released on 2015-12-22 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Report of the Minimum Wage Study Commission written by United States. Minimum Wage Study Commission and published by . This book was released on 1981 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Relations written by and published by . This book was released on 2009 with total page 2230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of the Minimum Wage on Employment written by Marvin H. Kosters and published by A E I Press. This book was released on 1996 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Clinton administration has claimed its proposal to increase the minimum wage would not affect employment; other research supports that a higher minimum wage means fewer jobs.
Download or read book Critical Perspectives on the Minimum Wage written by Anne C. Cunningham and published by Enslow Publishing, LLC. This book was released on 2016-07-15 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Myth and Measurement written by David Edward Card and published by . This book was released on 1995 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. A distinctive feature of their research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when minimum wage rises for some workers but not for others. Line drawings.
Download or read book The Right to a Living Wage written by Matt Uhler and published by Greenhaven Publishing LLC. This book was released on 2017-07-15 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the disappearance of well-paying jobs and the increasing cost of living, it’s becoming more and more difficult to stay afloat in the United States. Workers who earn the minimum wage often can’t afford the most basic needs. In response, more than 100 U.S. cities have issued living wage ordinances, requiring payments that allow workers to afford food, clothing, shelter, utilities, and healthcare. It may seem obvious that everyone wins with a living wage. But does paying out a living wage help or harm the economy? Should corporations be forced to pay them? What is society’s responsibility to its workers?
Download or read book The Minimum Wage written by Deepak Lal and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: CONTENTS: Introduction; Poverty Alleviation; Efficiency; Conclusions; Summary.
Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Download or read book Employment Effects of Minimum Wage Rates written by John M. Peterson and published by American Enterprise Institute Press. This book was released on 1969 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Minimum Wage and Job Loss written by John Schmitt and published by . This book was released on 1996 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes history and findings of studies done respectively by Card and Krueger, and Neumark and Wascher. Statistical data for earlier versions of the Neumark and Wascher study were supplied by the Employment Policies Institute.
Download or read book Rational Expectations Rigid Wages and the Real Effects of Monetary Policy written by Thorvaldur Gylfason and published by . This book was released on 1985 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ten Unavoidable Problems with a Living Minimum Wage from 100 Waste of Your Money to Millions Unemployed written by Steve Baba and published by . This book was released on 2014-08-05 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part I. Unavoidable Problems with a Living Minimum Wage1. Millions More Unemployed Even If the Number of Jobs Remains Constant. 2. High-cost labor will be used at a too-high wage, reducing total output. 3. Mandatory Discrimination Against the Disadvantaged. Nobody will Hire Disadvantaged Labor. 4. In the long run, more people will choose to remain minimum wage workers, reducing output.5. Job Lock and few minimum-wage job openings. People will be locked into bad minimum wage jobs.6. Wasteful Rent Seeking Job Search Costs 7. Unethical Rent Seeking Costs such as the Casting Couch8. Knocking the first step off the job ladder for people who need it the most.9. Reduced Job Training for Everyone. 10. Very Inaccurate Redistribution.Part II. Problems with Card Krueger and other irrelevant, misleading pro-minimum wage arguments11. Introduction to Part II. An interesting discussion on how many jobs will be lost (not unemployment), but it really does not change the fact that a high minimum wage is an awful idea in any case.12. There will be virtually no mass layoffs of workers if the minimum wage is raised to $10.13. As a percent of the total jobs, the effect of raising the minimum wage on number of jobs as is small and close to zero if not zero and is difficult to distinguish from zero. 14. Card-Krueger Fast Food Surveys. Extraordinary Claims Based on Telephone Surveys.15. Why raising the minimum wage had or has a "small" or no effect on the number of job as a percent of the total jobs.16. Monopsony - Is this McDonald's Run Like it's the Only Employer in a Mining- Company Town?17. Bargaining Models and Market Power18. Nonprofit Groups, Unlike McDonald's, can't pass the cost increase along to customers. Fewer Services To The Needy Will Be Provided. 19. In the Long Run people will buy efficient gasoline-saving cars. In the long run, employers will buy efficient, labor-saving equipment.20. A Minimum Wage Increase is The Worst Keynesian Stimulus That I Have Ever Heard of.21. Ripple (Spillover) Benefits are also Ripple Costs and Ripple Distortions.22. Conclusion: Ten Unavoidable Problems and More Likely Problems. Why would anyone want a high minimum wage?Using non-technical language and a dialogue format, this short book explains the problems with a high "living" minimum wage and the misleading minimum wage arguments. Economics concepts are presented in a Socratic discussion with a labor activist at McDonald's. The book's appendix contains supporting peer-reviewed work. Questions and classroom exercises are included. The author has a Ph.D. in Economics from the University of Maryland at College Park and has taught economics in the United States, Europe and Asia.
Download or read book Disinflating in a Rational Expectations Model with Long term Wage Contracts written by Maria Ward Otoo and published by . This book was released on 1989 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To Amend the Fair Labor Standards Act Hearings Before the General Subcommittee on Labor written by United States. Congress. House Education and Labor and published by . This book was released on 1970 with total page 958 pages. Available in PDF, EPUB and Kindle. Book excerpt:
