Transcription of Why Does the Minimum Wage Have No Discernible …
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Why Does the Minimum wage Have No Discernible Effect on Employment? John Schmitt February 2013. Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400. Washington, 20009. 202-293-5380. CEPR Why Does the Minimum wage Have No Discernible Effect on Employment? i Contents Executive Summary .. 1. Introduction .. 2. Empirical Research on the Minimum wage .. 2. Pre-2000s .. 2. Since the early 2000s .. 4. Meta-studies .. 4. Reviews .. 6. A closer look at several key recent 7. Dube, Lester, and Reich (2010) .. 7. Allegretto, Dube, and Reich (2011) .. 9. Hirsch, Kaufman, and Zelenska (2011) .. 9. Sabia, Burkhauser, and Hansen (2012) ..10. Adjustment Channels ..11. Competitive model ..12. Institutional model ..12. Dynamic monopsony model ..13. Size of Adjustment ..15. Possible Channels ..15. 1. Reduction in hours 2. Reductions in non- wage 3. Reductions in 4. Changes in employment composition ..17. 5. Higher prices.
CEPR Why Does the Minimum Wage Have No Discernible Effect on Employment? i About the Authors John Schmitt is a Senior Economist at the Center for Economic and Policy Research in Washington,
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