What does the minimum wage do? /:
"The minimum wage debate is, among other things, contentious, polarizing, and at the forefront of ongoing political debate. Some argue that raising the minimum wage will pull working individuals and families out of poverty while reducing income inequality at an acceptable cost to society. Other...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Kalamazoo Michigan :
W.E. Upjohn Institute for Employment Research,
2014.
|
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | "The minimum wage debate is, among other things, contentious, polarizing, and at the forefront of ongoing political debate. Some argue that raising the minimum wage will pull working individuals and families out of poverty while reducing income inequality at an acceptable cost to society. Others contend that raising the minimum wage is a job killer: that when the cost of labor increases, demand for that labor decreases. Supporters of this argument cite a February 2014 CBO report that points to potential job losses numbering 500,000 as a result of President Obama's proposed national minimum wage increase to $10.10 an hour. Others, including noted economists, criticize the report for being based on "off-the-shelf estimates" and say that it fails to put an emphasis on the more rigorous studies examined in the report. And while policymakers have voted recently to increase the minimum wage in several states and municipalities, it will be years before the impacts of these increases, if any, will be detectable. The bottom line is that all the debate and recent action by policymakers does little to add clarity to the effects of raising the minimum wage. Finally, this book helps settle the issue. Based on a rigorous meta-analysis of more than 200 scholarly publications published since 1991 (most after 2000) that address the various impacts of raising the minimum wage, What Does the Minimum Wage Do? presents the most comprehensive, analytical, and unbiased assessment of the effects of minimum wage increases that has ever been produced. Authors Dale Belman and Paul J. Wolfson look at several outcomes influenced by increases in the minimum wage, how long it takes those outcomes to respond, the magnitude of effects, why increases in the minimum wage have the results they do, and the workers most likely to be impacted. Their painstaking analysis focuses mainly on studies using data from the United States, but also includes studies that focus on Canada, Australia, New Zealand, the UK, and other western European nations. This breadth and depth of investigation on the impacts of hikes in the minimum wage clarifies the issues surrounding, among other things, employment, wages, poverty and inequality, and effect by gender, and allows them to conclude the following: Moderate increases in the minimum wage, characteristic of the United States over the last half of the twentieth century, have the effect that was intended by the original supporters of such action: raising the minimum wage substantially increases the earnings of those at the bottom of the income distribution and reduces wage inequality; Negative effects on employment resulting from increases in the minimum wage were too small to be statistically detectable in the meta-analysis. Therefore, Belman and Wolfson conclude, employment effects are too modest to have meaningful consequences for public policy in the dynamically changing U.S. labor market; Evidence of positive spillover effects on the wages of those earning slightly more than the new minimum wage is mixed, but it generally supports their existence, particularly for women; The minimum wage should be seen as one of a set of policy tools aimed at improving the standard of living of the less well-off, and moderate increases in the minimum wage would likely aid low-income individuals and families, with acceptable costs to the nation. Interested in the effects of raising the minimum wage? If so, What Does the Minimum Wage Do? is essential reading."--Publisher's website |
Beschreibung: | 1 online resource |
Bibliographie: | Includes bibliographical references (pages 425-445) and indexes. |
ISBN: | 9780880994569 0880994568 9780880994583 0880994584 |
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245 | 1 | 0 | |a What does the minimum wage do? / |c Dale Belman, Paul J. Wolfson. |
260 | |a Kalamazoo Michigan : |b W.E. Upjohn Institute for Employment Research, |c 2014. | ||
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505 | 0 | |a Introduction -- Employment -- Meta-analysis -- Wages and earnings -- Human capital -- Poverty and inequality -- Gross flows in the labor market -- Labor force participation rate, unemployment, and vacancies -- The product market -- Conclusion. | |
588 | 0 | |a Print version record. | |
504 | |a Includes bibliographical references (pages 425-445) and indexes. | ||
520 | |a "The minimum wage debate is, among other things, contentious, polarizing, and at the forefront of ongoing political debate. Some argue that raising the minimum wage will pull working individuals and families out of poverty while reducing income inequality at an acceptable cost to society. Others contend that raising the minimum wage is a job killer: that when the cost of labor increases, demand for that labor decreases. Supporters of this argument cite a February 2014 CBO report that points to potential job losses numbering 500,000 as a result of President Obama's proposed national minimum wage increase to $10.10 an hour. Others, including noted economists, criticize the report for being based on "off-the-shelf estimates" and say that it fails to put an emphasis on the more rigorous studies examined in the report. And while policymakers have voted recently to increase the minimum wage in several states and municipalities, it will be years before the impacts of these increases, if any, will be detectable. The bottom line is that all the debate and recent action by policymakers does little to add clarity to the effects of raising the minimum wage. Finally, this book helps settle the issue. Based on a rigorous meta-analysis of more than 200 scholarly publications published since 1991 (most after 2000) that address the various impacts of raising the minimum wage, What Does the Minimum Wage Do? presents the most comprehensive, analytical, and unbiased assessment of the effects of minimum wage increases that has ever been produced. Authors Dale Belman and Paul J. Wolfson look at several outcomes influenced by increases in the minimum wage, how long it takes those outcomes to respond, the magnitude of effects, why increases in the minimum wage have the results they do, and the workers most likely to be impacted. Their painstaking analysis focuses mainly on studies using data from the United States, but also includes studies that focus on Canada, Australia, New Zealand, the UK, and other western European nations. This breadth and depth of investigation on the impacts of hikes in the minimum wage clarifies the issues surrounding, among other things, employment, wages, poverty and inequality, and effect by gender, and allows them to conclude the following: Moderate increases in the minimum wage, characteristic of the United States over the last half of the twentieth century, have the effect that was intended by the original supporters of such action: raising the minimum wage substantially increases the earnings of those at the bottom of the income distribution and reduces wage inequality; Negative effects on employment resulting from increases in the minimum wage were too small to be statistically detectable in the meta-analysis. Therefore, Belman and Wolfson conclude, employment effects are too modest to have meaningful consequences for public policy in the dynamically changing U.S. labor market; Evidence of positive spillover effects on the wages of those earning slightly more than the new minimum wage is mixed, but it generally supports their existence, particularly for women; The minimum wage should be seen as one of a set of policy tools aimed at improving the standard of living of the less well-off, and moderate increases in the minimum wage would likely aid low-income individuals and families, with acceptable costs to the nation. Interested in the effects of raising the minimum wage? If so, What Does the Minimum Wage Do? is essential reading."--Publisher's website | ||
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adam_text | |
any_adam_object | |
author | Belman, Dale |
author2 | Wolfson, Paul J. |
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author_facet | Belman, Dale Wolfson, Paul J. |
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callnumber-first | H - Social Science |
callnumber-label | HD4918 |
callnumber-raw | HD4918 .B45 2014 |
callnumber-search | HD4918 .B45 2014 |
callnumber-sort | HD 44918 B45 42014 |
callnumber-subject | HD - Industries, Land Use, Labor |
collection | ZDB-4-EBU |
contents | Introduction -- Employment -- Meta-analysis -- Wages and earnings -- Human capital -- Poverty and inequality -- Gross flows in the labor market -- Labor force participation rate, unemployment, and vacancies -- The product market -- Conclusion. |
ctrlnum | (OCoLC)884035534 |
dewey-full | 331.2/30973 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 331 - Labor economics |
dewey-raw | 331.2/30973 |
dewey-search | 331.2/30973 |
dewey-sort | 3331.2 530973 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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Upjohn Institute for Employment Research,</subfield><subfield code="c">2014.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Introduction -- Employment -- Meta-analysis -- Wages and earnings -- Human capital -- Poverty and inequality -- Gross flows in the labor market -- Labor force participation rate, unemployment, and vacancies -- The product market -- Conclusion.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (pages 425-445) and indexes.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">"The minimum wage debate is, among other things, contentious, polarizing, and at the forefront of ongoing political debate. Some argue that raising the minimum wage will pull working individuals and families out of poverty while reducing income inequality at an acceptable cost to society. Others contend that raising the minimum wage is a job killer: that when the cost of labor increases, demand for that labor decreases. Supporters of this argument cite a February 2014 CBO report that points to potential job losses numbering 500,000 as a result of President Obama's proposed national minimum wage increase to $10.10 an hour. Others, including noted economists, criticize the report for being based on "off-the-shelf estimates" and say that it fails to put an emphasis on the more rigorous studies examined in the report. And while policymakers have voted recently to increase the minimum wage in several states and municipalities, it will be years before the impacts of these increases, if any, will be detectable. The bottom line is that all the debate and recent action by policymakers does little to add clarity to the effects of raising the minimum wage. Finally, this book helps settle the issue. Based on a rigorous meta-analysis of more than 200 scholarly publications published since 1991 (most after 2000) that address the various impacts of raising the minimum wage, What Does the Minimum Wage Do? presents the most comprehensive, analytical, and unbiased assessment of the effects of minimum wage increases that has ever been produced. Authors Dale Belman and Paul J. Wolfson look at several outcomes influenced by increases in the minimum wage, how long it takes those outcomes to respond, the magnitude of effects, why increases in the minimum wage have the results they do, and the workers most likely to be impacted. Their painstaking analysis focuses mainly on studies using data from the United States, but also includes studies that focus on Canada, Australia, New Zealand, the UK, and other western European nations. This breadth and depth of investigation on the impacts of hikes in the minimum wage clarifies the issues surrounding, among other things, employment, wages, poverty and inequality, and effect by gender, and allows them to conclude the following: Moderate increases in the minimum wage, characteristic of the United States over the last half of the twentieth century, have the effect that was intended by the original supporters of such action: raising the minimum wage substantially increases the earnings of those at the bottom of the income distribution and reduces wage inequality; Negative effects on employment resulting from increases in the minimum wage were too small to be statistically detectable in the meta-analysis. Therefore, Belman and Wolfson conclude, employment effects are too modest to have meaningful consequences for public policy in the dynamically changing U.S. labor market; Evidence of positive spillover effects on the wages of those earning slightly more than the new minimum wage is mixed, but it generally supports their existence, particularly for women; The minimum wage should be seen as one of a set of policy tools aimed at improving the standard of living of the less well-off, and moderate increases in the minimum wage would likely aid low-income individuals and families, with acceptable costs to the nation. Interested in the effects of raising the minimum wage? 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id | ZDB-4-EBU-ocn884035534 |
illustrated | Not Illustrated |
indexdate | 2024-11-26T14:49:15Z |
institution | BVB |
isbn | 9780880994569 0880994568 9780880994583 0880994584 |
language | English |
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publisher | W.E. Upjohn Institute for Employment Research, |
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spelling | Belman, Dale. What does the minimum wage do? / Dale Belman, Paul J. Wolfson. Kalamazoo Michigan : W.E. Upjohn Institute for Employment Research, 2014. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier Introduction -- Employment -- Meta-analysis -- Wages and earnings -- Human capital -- Poverty and inequality -- Gross flows in the labor market -- Labor force participation rate, unemployment, and vacancies -- The product market -- Conclusion. Print version record. Includes bibliographical references (pages 425-445) and indexes. "The minimum wage debate is, among other things, contentious, polarizing, and at the forefront of ongoing political debate. Some argue that raising the minimum wage will pull working individuals and families out of poverty while reducing income inequality at an acceptable cost to society. Others contend that raising the minimum wage is a job killer: that when the cost of labor increases, demand for that labor decreases. Supporters of this argument cite a February 2014 CBO report that points to potential job losses numbering 500,000 as a result of President Obama's proposed national minimum wage increase to $10.10 an hour. Others, including noted economists, criticize the report for being based on "off-the-shelf estimates" and say that it fails to put an emphasis on the more rigorous studies examined in the report. And while policymakers have voted recently to increase the minimum wage in several states and municipalities, it will be years before the impacts of these increases, if any, will be detectable. The bottom line is that all the debate and recent action by policymakers does little to add clarity to the effects of raising the minimum wage. Finally, this book helps settle the issue. Based on a rigorous meta-analysis of more than 200 scholarly publications published since 1991 (most after 2000) that address the various impacts of raising the minimum wage, What Does the Minimum Wage Do? presents the most comprehensive, analytical, and unbiased assessment of the effects of minimum wage increases that has ever been produced. Authors Dale Belman and Paul J. Wolfson look at several outcomes influenced by increases in the minimum wage, how long it takes those outcomes to respond, the magnitude of effects, why increases in the minimum wage have the results they do, and the workers most likely to be impacted. Their painstaking analysis focuses mainly on studies using data from the United States, but also includes studies that focus on Canada, Australia, New Zealand, the UK, and other western European nations. This breadth and depth of investigation on the impacts of hikes in the minimum wage clarifies the issues surrounding, among other things, employment, wages, poverty and inequality, and effect by gender, and allows them to conclude the following: Moderate increases in the minimum wage, characteristic of the United States over the last half of the twentieth century, have the effect that was intended by the original supporters of such action: raising the minimum wage substantially increases the earnings of those at the bottom of the income distribution and reduces wage inequality; Negative effects on employment resulting from increases in the minimum wage were too small to be statistically detectable in the meta-analysis. Therefore, Belman and Wolfson conclude, employment effects are too modest to have meaningful consequences for public policy in the dynamically changing U.S. labor market; Evidence of positive spillover effects on the wages of those earning slightly more than the new minimum wage is mixed, but it generally supports their existence, particularly for women; The minimum wage should be seen as one of a set of policy tools aimed at improving the standard of living of the less well-off, and moderate increases in the minimum wage would likely aid low-income individuals and families, with acceptable costs to the nation. Interested in the effects of raising the minimum wage? If so, What Does the Minimum Wage Do? is essential reading."--Publisher's website English. Universidad Sergio Arboleda gnd http://d-nb.info/gnd/5325141-6 Poverty. http://id.loc.gov/authorities/subjects/sh85105939 Working poor. http://id.loc.gov/authorities/subjects/sh00006746 Minimum wage. http://id.loc.gov/authorities/subjects/sh85144670 Poverty United States. Working poor United States. Minimum wage United States. Pauvreté. Travailleurs pauvres. Salaires minimums. Pauvreté États-Unis. Travailleurs pauvres États-Unis. Salaires minimums États-Unis. poverty. aat BUSINESS & ECONOMICS Labor. bisacsh POLITICAL SCIENCE Labor & Industrial Relations. bisacsh POLITICAL SCIENCE Public Policy Economic Policy. bisacsh Salaire minimum. eclas Pauvreté. eclas Inégalités sociales. eclas Marché du travail. eclas Etats-Unis d'Amérique. eclas Minimum wage fast Poverty fast Working poor fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Armut gnd http://d-nb.info/gnd/4002963-3 Mindestlohn gnd Arbeitsmarkt gnd Wolfson, Paul J. Print version: Belman, Dale. What does the minimum wage do?. Kalamazoo Michigan : W.E. Upjohn Institute for Employment Research, 2014 (DLC) 2014012215 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=815511 Volltext |
spellingShingle | Belman, Dale What does the minimum wage do? / Introduction -- Employment -- Meta-analysis -- Wages and earnings -- Human capital -- Poverty and inequality -- Gross flows in the labor market -- Labor force participation rate, unemployment, and vacancies -- The product market -- Conclusion. Universidad Sergio Arboleda gnd http://d-nb.info/gnd/5325141-6 Poverty. http://id.loc.gov/authorities/subjects/sh85105939 Working poor. http://id.loc.gov/authorities/subjects/sh00006746 Minimum wage. http://id.loc.gov/authorities/subjects/sh85144670 Poverty United States. Working poor United States. Minimum wage United States. Pauvreté. Travailleurs pauvres. Salaires minimums. Pauvreté États-Unis. Travailleurs pauvres États-Unis. Salaires minimums États-Unis. poverty. aat BUSINESS & ECONOMICS Labor. bisacsh POLITICAL SCIENCE Labor & Industrial Relations. bisacsh POLITICAL SCIENCE Public Policy Economic Policy. bisacsh Salaire minimum. eclas Pauvreté. eclas Inégalités sociales. eclas Marché du travail. eclas Minimum wage fast Poverty fast Working poor fast Armut gnd http://d-nb.info/gnd/4002963-3 Mindestlohn gnd Arbeitsmarkt gnd |
subject_GND | http://d-nb.info/gnd/5325141-6 http://id.loc.gov/authorities/subjects/sh85105939 http://id.loc.gov/authorities/subjects/sh00006746 http://id.loc.gov/authorities/subjects/sh85144670 http://d-nb.info/gnd/4002963-3 |
title | What does the minimum wage do? / |
title_auth | What does the minimum wage do? / |
title_exact_search | What does the minimum wage do? / |
title_full | What does the minimum wage do? / Dale Belman, Paul J. Wolfson. |
title_fullStr | What does the minimum wage do? / Dale Belman, Paul J. Wolfson. |
title_full_unstemmed | What does the minimum wage do? / Dale Belman, Paul J. Wolfson. |
title_short | What does the minimum wage do? / |
title_sort | what does the minimum wage do |
topic | Universidad Sergio Arboleda gnd http://d-nb.info/gnd/5325141-6 Poverty. http://id.loc.gov/authorities/subjects/sh85105939 Working poor. http://id.loc.gov/authorities/subjects/sh00006746 Minimum wage. http://id.loc.gov/authorities/subjects/sh85144670 Poverty United States. Working poor United States. Minimum wage United States. Pauvreté. Travailleurs pauvres. Salaires minimums. Pauvreté États-Unis. Travailleurs pauvres États-Unis. Salaires minimums États-Unis. poverty. aat BUSINESS & ECONOMICS Labor. bisacsh POLITICAL SCIENCE Labor & Industrial Relations. bisacsh POLITICAL SCIENCE Public Policy Economic Policy. bisacsh Salaire minimum. eclas Pauvreté. eclas Inégalités sociales. eclas Marché du travail. eclas Minimum wage fast Poverty fast Working poor fast Armut gnd http://d-nb.info/gnd/4002963-3 Mindestlohn gnd Arbeitsmarkt gnd |
topic_facet | Universidad Sergio Arboleda Poverty. Working poor. Minimum wage. Poverty United States. Working poor United States. Minimum wage United States. Pauvreté. Travailleurs pauvres. Salaires minimums. Pauvreté États-Unis. Travailleurs pauvres États-Unis. Salaires minimums États-Unis. poverty. BUSINESS & ECONOMICS Labor. POLITICAL SCIENCE Labor & Industrial Relations. POLITICAL SCIENCE Public Policy Economic Policy. Salaire minimum. Inégalités sociales. Marché du travail. Etats-Unis d'Amérique. Minimum wage Poverty Working poor United States Armut Mindestlohn Arbeitsmarkt |
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