Federal Reserve Bank of Cleveland
P.O. Box 6387
Cleveland, OH 44101-1387
Institutional Affiliation: Federal Reserve Bank of Cleveland
Information about this author at RePEc
NBER Working Papers and Publications
|February 2000||The Effects of Minimum Wages Throughout the Wage Distribution|
with , : w7519
This paper provides evidence on a wide set of margins along which labor markets can adjust in response to increases in the minimum wage, including wages, hours, employment, and ultimately labor income, representing the central margins of adjustment that impact the economic well-being of workers potentially affected by minimum wage increases. The evidence indicates that workers initially earning near the minimum wage are adversely affected by minimum wage increases, while, not surprisingly, higher-wage workers are little affected. Although wages of low-wage workers increase , their hours and employment decline, and the combined effect of these changes is a decline in earned income. We also delve into the political economy of minimum wages, attempting to understand the vigorous support of ...
Published: Journal of Human Resources, 2004, Vol. 39, pp. 424-50.
|January 1999||Identifying Inflation's Grease and Sand Effects in the Labor Market|
in The Costs and Benefits of Price Stability, Martin Feldstein, editor
|April 1998||The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-Parametric Analysis|
with , : w6536
The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force. However, estimates of employment effects of minimum wages tell us relatively little about whether minimum wages are likely to achieve this goal; even if the disemployment effects of minimum wages are modest, minimum wage increases could result in net income losses for poor and low-income families. In this paper, we present evidence on the effects of minimum wages on family incomes from matched March CPS surveys. Using non-parametric estimates of the distributions of family income relative to needs in states and years with an without minimum wage increases, we examine the effects of minimum wages on this distribution, and on the distribution of the change...
Published: Journal of Human Resources, Vol. 40, no. 4 (Autumn 2005): 867-894 citation courtesy of