8 votes

Minimum Wage effects on Adjacent Cities

A very famous study in this direction is Card and Krueger (1994). They look an increase in the minimum wage in New Jersey in 1992. While New Jersey raised the minimum wage from USD 4.25/h to USD 5.05/...
Bayesian's user avatar
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5 votes
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What would happen if layoffs were made illegal?

We can infer from what happens in countries where layoffs are difficult, e.g. France. There employees are (or at least were) harrassed to quit instead. There's a practice in France called being sent ...
the gods from engineering's user avatar
3 votes
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Minimum Wage effects on Adjacent Cities

You should look at this county pairing methodology used by Dube, Lester and Reich (2010). http://escholarship.org/uc/item/86w5m90m The abstract: We use policy discontinuities at state borders to ...
Vincek's user avatar
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3 votes
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Advice on method for analyzing the effects of increase in minimum wage

The output from the model you mention would be not accurate at all for several reasons, including amongst other reasosns: Your post you mention you want to use labor costs as predictable variable - ...
1muflon1's user avatar
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3 votes
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Minimum wages - what is the effect?

I will focus on academic literature reviews since they tend to be unbiased (or at least less biased) - academic literature reviews are often accessible even to non-specialists as they usually do not ...
1muflon1's user avatar
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How is it traditionally defined the minimum wage legislation in economics?

It depends. Some countries use hourly wage (Australia, Morocco, UK, US), other use daily (Mexico), other monthly (Argentina, Brazil, Chile, Colombia, France, Peru, Spain), others annually (Bolivia). (...
luchonacho's user avatar
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Minimum wages in France

It is available from 1980 to 2023 on the webpage of the national statistical institute INSEE: https://www.insee.fr/fr/statistiques/1375188 In a centralized country like France, the minimum wage is &...
Bertrand's user avatar
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3 votes

Effect of minimum wage on higher levels of pay

There actually is empirical evidence that raising the minimum wage raises a range of wages that are close to, but above the minimum wage. The effect begins to fade as you go up the wage scale, so ...
Vincek's user avatar
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2 votes

Effect of minimum wage on higher levels of pay

Dube et. al. have a recent paper that documents this fact in payroll data from a US retailer. Another paper looking at this but with a less clear answer is Autor et. al. 2016.
Tobias's user avatar
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Minimum wages in France

I would say the best place to look would be the Ministry of Work/Labor, in French, Ministère du Travail. Also potentially the Ministry of Economy and Finance or Le Ministère de l'Économie et des ...
Matt's user avatar
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2 votes
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Are there any general rules that can be used to assess the consequences of a significant minimum wage increase in a country's economy?

The only few soft general rules when it comes to minimum wages. The higher they get relative to median wage in the economy the higher the probability the utility cost of minimum wages imposed by ...
1muflon1's user avatar
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2 votes

US minimum wage beyond $15 per hour

With regard to minimum wage I think that we should look at the data and to what they tell us. The fact is that there are evidences that both minimum wage supporters and opponents are right. For ...
Giord's user avatar
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In a context of globalisation and high wage inequality, why should governments help unskilled workers?

After the exchange in comments, the OP appears to ask "why government intervention if the market will take care of the situation?" Well we know that government intervention is advised when markets "...
Alecos Papadopoulos's user avatar
1 vote

Is there a name for adjusting bad regulation until its negative impact is no longer detectable?

There is term policy optimization or optimal policy design or just policy design, which refers to idea of optimizing or fine tuning public policy. It is a term that will be mentioned in any ...
1muflon1's user avatar
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1 vote
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How can two countries of roughly the same size, population and GDP have such big differences in minimum wage?

The minimum wage is usually the outcome of a bargaining process between the government, businesses (via lobby), and the trade unions. As such, a key driver of the final outcome depends on the balance ...
luchonacho's user avatar
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1 vote
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How to determine the cost of a good

While you're on the right track, minimum wage is not the best way to get at it. What you're discussing is called "real wages", and it is usually calculated based on some average wage, as many workers ...
Ash Pera's user avatar
1 vote

How inflationary is progressive taxation?

Taxation is deflationary. It's fiscal tightening. It reduces aggregate demand. (You didn't mention government spending in the question, so I've assumed it's flat). Inflation is an increasing amount ...
410 gone's user avatar
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1 vote

How inflationary is progressive taxation?

This is almost a link only answer, but you are asking for peer reviewed sources in the comments. Brian Romanchuk's statement that taxes are anti-inflationary also appears. (Attributed to '...
Giskard's user avatar
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1 vote

What's a product that historically has always had the same value, and probably will in the future?

No, there is no such product. "Value" is a historical construct; it only exists where products are made to be sold as commodities. When there was no production of commodities, products had no value. ...
Luís Henrique's user avatar
1 vote

Instrumental Variable Paper for Minimum Wage

Neumark and Wascher did a lot of work on the minimum wage in the 90s and 00s, including their 1992 piece "Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws". A ...
Kitsune Cavalry's user avatar
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1 vote

Would an $8 National Minimum Wage Work in the US?

The labor market is missing one of the criteria of a free market, the ability of participants to decline a transaction if they only receive disadvantageous offers. This is not a problem as long as ...
Simon Richter's user avatar
1 vote

Equilibrium in a labour market and price floors

As VCG stated, no government would impose a minimum wage below what is the countervailing equilibrium wage. To do so would be pointless. Do remember that undergraduate discussions on minimum wages ...
k BORT's user avatar
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1 vote

lowering minimum wage by half, effect on population of Puerto Rico

Typically, what happens when a minimum wage is relaxed is that a plethora of jobs that were illegal under the previous doctrine become available on the market for workers. The common metaphor used by ...
K. Alan Bates's user avatar

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