The Economics of Wage Floors

preview-18
  • The Economics of Wage Floors Book Detail

  • Author : Jacob Mincer
  • Release Date : 1981
  • Publisher :
  • Genre : Labor turnover
  • Pages : 19
  • ISBN 13 :
  • File Size : 24,24 MB

The Economics of Wage Floors by Jacob Mincer PDF Summary

Book Description: This paper contains a theoretical analysis of and summaries of empirical information on consequences of wage floors in the labor market imposed by minimum wages and by labor unions. Excess supplies are rationed in part probabilistically ("first come, first served"), and in part systematically -- by raising hiring standards, or by discrimination and nepotism. Effects on employment, unemployment, and labor force participation, and on wage differentials between the II covered'' and the free sector follow. Empirical information on these effects is cited in the minimum wage case, but only wage differentials are analyzed in the union context. Other consequences outlined here are: lengthening of school attendance, reduction of hours of work, substitution of paid out wages for fringes in the minimum wage case. However, union pressure on fringes is greater than on wages. This strategy produces larger income and greater job security for union members. The minimum wage reduces opportunities for job training and consequent wage growth. Quits initially decline as wages are pushed up, but turnover is likely to increase as the training content of jobs is reduced. Union wage and fringe advantages reduce quits significantly. However, training as well as wage growth are reduced

Disclaimer: www.yourbookbest.com does not own The Economics of Wage Floors books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Economics of Wage Floors

The Economics of Wage Floors

File Size : 14,14 MB
Total View : 3187 Views
DOWNLOAD

This paper contains a theoretical analysis of and summaries of empirical information on consequences of wage floors in the labor market imposed by minimum wages

A Measure of Fairness

A Measure of Fairness

File Size : 5,5 MB
Total View : 9780 Views
DOWNLOAD

In early 2007, there were approximately 140 living wage ordinances in place throughout the United States. Communities around the country frequently debate new p

Raising Lower-Level Wages

Raising Lower-Level Wages

File Size : 70,70 MB
Total View : 2429 Views
DOWNLOAD

As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers' wages, and espe

Myth and Measurement

Myth and Measurement

File Size : 65,65 MB
Total View : 7491 Views
DOWNLOAD

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

The Living Wage

The Living Wage

File Size : 43,43 MB
Total View : 3522 Views
DOWNLOAD

The "living wage" is an old idea that has experienced a dramatic resurgence of political popularity in recent years. The underlying logic of the concept is quit