We estimate the employment effects of changes in national minimum
wages using a pooled cross-section time-series data set comprising
17 OECD countries for the period 1975-2000, focusing on the impact
of cross-country differences in minimum wage systems and in other
labor market institutions and policies that may either offset or
amplify the effects of minimum wages. The average minimum wage
effects we estimate using this sample are consistent with the view
that minimum wages cause employment losses among youths. However,
the evidence also suggests that the employment effects of minimum
wages vary considerably across countries. In particular,
disemployment effects of minimum wages appear to be smaller in
countries that have subminimum wage provisions for youths.
Regarding other labor market policies and institutions, we find
that more restrictive labor standards and higher union coverage
strengthen the disemployment effects of minimum wages, while
employment protection laws and active labor market policies
designed to bring unemployed individuals into the work force help
to offset these effects. Overall, the disemployment effects of
minimum wages are strongest in the countries with the least
regulated labor markets.
General
Imprint: |
Bibliogov
|
Country of origin: |
United States |
Release date: |
February 2013 |
First published: |
February 2013 |
Authors: |
David Neumark
|
Dimensions: |
246 x 189 x 2mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
42 |
ISBN-13: |
978-1-288-71444-5 |
Categories: |
Books >
Social sciences >
Politics & government >
General
|
LSN: |
1-288-71444-0 |
Barcode: |
9781288714445 |
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