scholarly journals The Labor Market Impact of Federal Regulation: OSHA, ERISA, EEO, and Minimum Wage

10.3386/w0844 ◽  
1982 ◽  
Author(s):  
Olivia Mitchell
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Federal Regulation ◽  
Market Impact

scholarly journals Tradability and the Labor-Market Impact of Immigration: Theory and Evidence from the U.S.

2017 ◽  
Author(s):  
Ariel Burstein ◽  
Gordon Hanson ◽  
Lin Tian ◽  
Jonathan Vogel
Keyword(s):  
Labor Market ◽  
Market Impact ◽  
The U.S

Optimal Government Policies Related to Unemployment

2017 ◽  
Vol 47 (1) ◽  
pp. 87-111
Author(s):  
Chia-Hui Lu
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Wage Rate ◽  
Optimal Allocation ◽  
Government Policies ◽  
Unemployment Compensation ◽  
Heterogeneous Labor ◽  
The Government ◽  
Hiring Costs

This article studies the optimal government policies related to unemployment in a frictional labor market. To achieve the optimal allocation, we find that the government should not issue unemployment compensation or subsidies for hiring costs. Moreover, as both firms and households experience disastrous consequences related to the minimum wage, the government should not intervene in the labor market to influence the wage rate and should not set any minimum wage. What the government can do is to make appropriate expenditures on matching efficacy. Furthermore, considering heterogeneous labor abilities in the model does not change our main finding.

scholarly journals On the Incentives to Increase Input Efficiency under Monopoly Trade Unions

2012 ◽  
Vol 4 (1) ◽  
pp. 39-51
Author(s):  
Tapan Biswas ◽  
Jolian McHardy
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Trade Unions ◽  
Utility Functions ◽  
Elasticity Of Substitution ◽  
Cournot Duopoly ◽  
Technological Improvement ◽  
Input Efficiency ◽  
Competitive Labor Market

We examine the effects of and the incentives for increasing input efficiency within a spatially segregated  Cournot duopoly with monopoly trade unions whose utility functions depend on both wages and employment. We show that with neoclassical as well as Leontief technology, unions raise wages to appropriate fully the gains from labor-saving technological (or organisational) improvements, leaving the firm with no incentive to invest in increasing the efficiency of workers. However, capital-saving     technological improvement may be profitable depending on the elasticity of substitution. Finally, we examine the implication of a fixed minimum wage (or competitive labor market) in one country.

scholarly journals Is the Minimum Wage Effective in a Context of Informality?

2021 ◽  
Vol 12 (1) ◽  
pp. 21
Author(s):  
Susana Herrero Olarte
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Empirical Studies ◽  
Labor Income ◽  
South American ◽  
Poverty And Inequality ◽  
South American Region ◽  
Effect Estimation ◽  
The Impact ◽  
The Relationship

There is a general trend in the South American region to increase the minimum wage (MW) to reduce poverty and inequality. However, empirical studies are inconclusive with respect to the effect of the MW. This study seeks to contribute to the empirical evidence regarding the impact of this policy by exploring its limitations and possibilities for reducing poverty in Ecuador. Unlike other studies, a measure to capture informality in the labor market is included. Using fixed effect estimation with panel data, I determine the relationship between labor income deciles and variations in the MW, using a proxy for its effectiveness. The results suggest that the MW positively affects the lower income deciles, to a lesser extent the intermediate deciles and with no effect on the higher ones. However, when considering a control for the degree of informality in the labor market, the effect on the lower deciles is mitigated. Therefore, increases in the MW may be a strategy to increase the income of the middle and vulnerable class, but it does not seem to be useful for reducing poverty.

scholarly journals The Labor Market Impact of Immigration in Western Germany in the 1990's

2008 ◽  
Author(s):  
Gianmarco I.P. Ottaviano ◽  
Francesco D'Amuri ◽  
Giovanni Peri
Keyword(s):  
Labor Market ◽  
Market Impact ◽  
Western Germany

scholarly journals Macroeconomic Long-Run Effects of the German Minimum Wage when Labor Markets are Frictional

2020 ◽  
Vol 240 (2-3) ◽  
pp. 351-386 ◽  
Author(s):  
Helge Braun ◽  
Roland Döhrn ◽  
Michael Krause ◽  
Martin Micheli ◽  
Torsten Schmidt
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Structural Model ◽  
Economic Effects ◽  
Relative Price ◽  
Wage Policy ◽  
Market Outcomes ◽  
Long Run ◽  
Search And Matching Frictions ◽  
Negative Effect

AbstractThis paper analyzes the introduction of the German minimum wage in 2015 in a structural model geared to quantitatively assess its long-run economic effects. We first employ a simple neoclassic model where wages equal their marginal product, then extend this model to two sector economy, and finally introduce search and matching frictions. Even though all model variants remain highly stylized, they yield quantitative insights on the importance of different mechanisms and channels through which minimum wages affect outcomes in the long run. In this framework, the minimum wage has a strong negative effect on employment. When sectors are differently affected by the minimum wage, sectoral relative price changes play an important quantitative role. Other labor market policies and institutions are important for the transmission of minimum wage policy on labor market market outcomes.

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