Earnings Inequality And The Minimum Wage PDF Download
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Author | : David H. Autor |
Publisher | : DIANE Publishing |
Total Pages | : 67 |
Release | : 2010 |
Genre | : Income distribution |
ISBN | : 143798018X |
Download The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades Book in PDF, ePub and Kindle
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than half as large as those reported elsewhere and are almost negligible for males. Nevertheless, the estimated effects extend to wage percentiles where the minimum is nominally non-binding, implying spillovers. However, we show that spillovers and measurement error (absent spillovers) have similar implications for the effect of the minimum on the shape of the lower tail of the measured wage distribution. With available precision, we cannot reject the hypothesis that estimated spillovers to non-binding percentiles are due to reporting artifacts. Accepting this null, the implied effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured wage distribution.
Author | : Dale Belman |
Publisher | : W.E. Upjohn Institute |
Total Pages | : 489 |
Release | : 2014-07-07 |
Genre | : Political Science |
ISBN | : 0880994568 |
Download What Does the Minimum Wage Do? Book in PDF, ePub and Kindle
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.
Author | : David H. Autor |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : Economics |
ISBN | : |
Download The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades Book in PDF, ePub and Kindle
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than half as large as those reported elsewhere and are almost negligible for males. Nevertheless, the estimated effects extend to wage percentiles where the minimum is nominally non-binding, implying spillovers. However, we show that spillovers and measurement error (absent spillovers) have similar implications for the effect of the minimum on the shape of the lower tail of the measured wage distribution. With available precision, we cannot reject the hypothesis that estimated spillovers to non-binding percentiles are due to reporting artifacts. Accepting this null, the implied effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured wage distribution.
Author | : Niklas Engbom |
Publisher | : |
Total Pages | : 124 |
Release | : 2021 |
Genre | : Income distribution |
ISBN | : |
Download Earnings Inequality and the Minimum Wage Book in PDF, ePub and Kindle
We show that a rise in the minimum wage accounts for a large decline in earnings inequality in Brazil since 1994. To this end, we combine rich administrative and survey data with an equilibrium model of the Brazilian labor market. Our results imply that the minimum wage has far-reaching spillover effects on wages higher up in the distribution, accounting for one-third of the 25.9 log point fall in the variance of log earnings in Brazil since 1994. At the same time, the minimum wage’s effects on employment and output are muted by reallocation of workers toward more productive firms.
Author | : Robert H. Haveman |
Publisher | : American Enterprise Institute |
Total Pages | : 68 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780844770765 |
Download Earnings Inequality Book in PDF, ePub and Kindle
Analyses changes in men's earnings from the mid-1970s to 1991.
Author | : Carlos Gradín |
Publisher | : Oxford University Press |
Total Pages | : 373 |
Release | : 2021 |
Genre | : Business & Economics |
ISBN | : 0198863969 |
Download Inequality in the Developing World Book in PDF, ePub and Kindle
Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries - Brazil, China, India, Mexico, and South Africa.
Author | : Rafael Machado Parente |
Publisher | : International Monetary Fund |
Total Pages | : 84 |
Release | : 2024-07-19 |
Genre | : |
ISBN | : |
Download Minimum Wages, Inequality, and the Informal Sector Book in PDF, ePub and Kindle
How do minimum wages affect earnings inequality in countries with large informal sectors? I provide reduced-form evidence that the 2000s minimum wage hike in Brazil raised overall inequality by increasing inequality inside the informal sector. I develop a model where heterogeneous firms select into informality to investigate when and how raising the minimum wage can increase inequality. I calibrate the model to Brazil and find that, by generating substantial informality, the increase in the minimum wage raised overall inequality by 6.4%. These results suggest that movements into and out of the informal sector modulate the effects of formal labor legislation.
Author | : Carl LIN |
Publisher | : |
Total Pages | : 34 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download The Effects of the Minimum Wage on Earnings Inequality: Evidence from China Book in PDF, ePub and Kindle
Author | : David Neumark |
Publisher | : MIT Press |
Total Pages | : 389 |
Release | : 2008 |
Genre | : Income distribution |
ISBN | : 0262141027 |
Download Minimum Wages Book in PDF, ePub and Kindle
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
Author | : Tomas Hellebrandt |
Publisher | : Peterson Institute for International Economics |
Total Pages | : 48 |
Release | : 2015-04-06 |
Genre | : Political Science |
ISBN | : 0881327085 |
Download Raising Lower-Level Wages Book in PDF, ePub and Kindle
As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers' wages, and especially the struggles of lower-skilled workers at the -bottom end of the wage scale. While Washington deliberates legislation raising the minimum wage, a number of major American employers—for example, Aetna and Walmart—have begun to voluntarily raise the pay of their own lowest-paid employees. In this collection of essays, economists from the Peterson Institute for International Economics analyze the potential benefits and costs of widespread wage increases, if adopted by a range of US private employers. They make this assessment for the workers, the companies, and for the US economy as a whole, including such an initiative's effects on national competitiveness. These economists conclude that raising the pay of many of the lowest-paid US private-sector workers would not only reduce income inequality but also boost overall productivity growth, with likely minimal effect on employment in the current financial context. "It is possible to profit from paying your employees well…and increasing lower-paid workers' wages is the way forward for the United States," argues Adam S. Posen in his lead essay (reprinted from theFinancial Times). Justin Wolfers and Jan Zilinsky argue that higher wages can encourage low-paid workers to be more productive and loyal to their employers and coworkers, reducing costly job turnover and the need for supervision and training of new workers. Tomas Hellebrandt estimates that if all large private sector corporations in the United States outside of sectors that intensively use low-skilled labor increased wages of their low-paid workers to $16 per hour, the pay of 6.2 percent of the $110 million private-sector workers in the United States would increase on average by 38.6 percent. The direct cost to employers would be $51 billion, only around 0.3 percent of GDP. Jacob Kirkegaard and Tyler Moran explore the experience of employers in other advanced countries, with its implications for international competitiveness, and Michael Jarand assesses the impact of a wage increase on the near-term development of the US macroeconomy. Data disclosure: The data underlying the figures in this analysis are available for download in links listed below.