Employment and distribution effects of the minimum wage

被引:19
作者
Slonimczyk, Fabian [1 ]
Skott, Peter [2 ]
机构
[1] Int Coll Econ & Finance, Higher Sch Econ, Moscow, Russia
[2] Univ Massachusetts, Dept Econ, Amherst, MA 01003 USA
关键词
Minimum wage; Earnings inequality; Monopsony; Efficiency wage; Over-education; LABOR-MARKET; INEQUALITY; OVEREDUCATION; EFFICIENCY; MONOPSONY; ECONOMICS; TRENDS; MODEL;
D O I
10.1016/j.jebo.2012.03.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality. Evidence from the US suggests that these theoretical results are empirically relevant. The over-education rate has been increasing and our regression analysis suggests that the decrease in the minimum wage may have led to a deterioration of the employment and relative wage of low-skill workers. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:245 / 264
页数:20
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