haku: @indexterm minimum wage / yhteensä: 78
viite: 45 / 78
| Tekijä: | Kennan, J. |
| Otsikko: | The elusive effects of minimum wages |
| Lehti: | Journal of Economic Literature
1995 : DEC, VOL. 33:4, p. 1949-1965 |
| Asiasana: | ECONOMICS MINIMUM WAGE RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | The US minimum wage is now $4.25 per hour, and Congress is talking about increasing it. If the minimum were to be increased to $25 per hour many workers would lose their jobs. Cause and effect would be obvious, even to the most jaundiced eye. If the minimum is raised instead to just $5.15 per hour (as the President has proposed) the effect will not be obvious and much research effort will be devoted to uncovering it. The theoretical prediction that minimum wages reduce unemployment is simple and general. |
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