Unexpected Economics of Minimum Wages

Inbunden, Engelska, 2025

3 149 kr

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This book presents a comprehensive analysis of the effects of minimum wages. Michael Reich’s cutting-edge research findings challenge traditional approaches to the topic, exploring the effects of minimum wage policies across different sectors, groups and demographics.Reich examines the effects of minimum wages on pay and employment among the two groups most affected by the policies - restaurant workers and teens - as well as investigating their impact on the lowest-wage areas of the US. He outlines how minimum wages influence parental labor supply, racial inequality, the health of low wage workers and government spending on food stamps and Medicaid. The book further reflects on the extension of pay standards to gig drivers, who are not typically covered by minimum wage laws as independent contractors. It concludes by demonstrating how minimum wages can be absorbed by increasing the supply of workers to low-wage employers, reducing the costs of recruiting and retaining workers and introducing modest price increases, rather than reducing employment.The Unexpected Economics of Minimum Wages is a crucial resource for students, scholars and practitioners of labor economics. Thorough and detailed, it is also key for policymakers and advocates who are working to raise low pay and reduce inequality.

Produktinformation

Utgivningsdatum2025-08-19
Mått169 x 244 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781035358878

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Mikroekonomi inom Ekonomi och Ledarskap

ContentsPART I EFFECTS ON PAY, EMPLOYMENT, AND PRICES1 The Ups and Downs of Minimum Wage Policy: The Fair Labor Standards Act inHistorical Perspective – Michael Reich 22 The Economic Effects of a Citywide Minimum Wage – Arindrajit Dube, SureshNaidu, and Michael Reich 113 Minimum Wage Effects Across State Borders: Estimates Using ContiguousCounties – Arindrajit Dube, T. William Lester, and Michael Reich 334 Do Minimum Wages Really Reduce Teen Employment? Accounting forHeterogeneity and Selectivity in State Panel Data – Sylvia A. Allegretto,Arindrajit Dube, and Michael Reich 545 Minimum Wage Shocks, Employment Flows, and Labor Market Frictions –Arindrajit Dube, T. William Lester, and Michael Reich 906 Are Local Minimum Wages Absorbed by Price Increases? Estimates fromInternet-Based Restaurant Menus – Sylvia A. Allegretto and Michael Reich 1327 Are Minimum Wage Effects Greater in Low-Wage Areas? – Anna Godøy andMichael Reich 161PART II DOWNSTREAM EFFECTS8 Parental Labor Supply: Evidence from Minimum Wage Changes – Anna Godøy,Michael Reich, Jesse Wursten, and Sylvia A. Allegretto 2109 Racial Inequality in Frictional Labor Markets: Evidence from Minimum Wages –Jesse Wursten and Michael Reich 23710 Ten Dollars or Thirteen Dollars? Comparing the Effects of State Minimum WageIncreases in California – Sylvia A. Allegretto, Michael Reich, and Rachel West 25611 A Win-Win for Working Families and State Budgets: Pairing Medicaid Expansionand a $10.10 Minimum Wage – Rachel West and Michael Reich 28512 The Effects of Minimum Wages on Food Stamp Enrollment and Expenditures –Michael Reich and Rachel West 32113 Can Labor Market Policies Reduce Deaths of Despair? – William H. Dow, AnnaGodøy, Christopher Lowenstein, and Michael Reich 34814 An Earnings Standard for New York City’s App-Based Drivers: EconomicAnalysis and Policy Assessment – James A. Parrott and Michael Reich 36715 New York City’s Gig Driver Pay Standard: Effects on Drivers, Passengers, andthe Companies – Dmitri Koustas, James A. Parrott, and Michael Reich 454

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