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Minimum Wage Channels of Adjustment
minimum wages employment labor market adjustments labor market theories
2012/10/19
The economic impact of the 2007-2009 increases in the federal minimum wage (MW) is analyzed using a sample of quick-service restaurants in Georgia and Alabama. Store-level biweekly payroll records for...
Getting It Right: Employment Subsidy or Minimum Wage?
minimum wage working conditions monopsony models
2013/10/25
In monopsony models of the labour market either a minimum wage or an employment subsidy financed by a lump sum tax on profits can achieve the efficient level of employment and output. Incorporating wo...