Search Results

Showing results 1 to 10 of approximately 11.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:minimum wages 

Working Paper
The Evolution of Technological Substitution in Low-Wage Labor Markets

This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal jobs are increasing and offsetting routine job loss. However, interpersonal job growth does not appear to be enough – as it was previous to the Financial Crisis – to fully offset the negative effects of automation on low-wage routine jobs. Employment losses are most evident among minority workers ...
Working Paper Series , Paper WP-2020-16

Speech
Bullard Speaks with CNBC about Inflation, the Minimum Wage and Digital Currency

St. Louis Fed President James Bullard discussed inflation, digital currency and a proposed increase in the federal minimum wage. He spoke during an appearance on CNBC’s “Squawk Box.”
Speech

Newsletter
Automation and the Minimum Wage

This issue explains how a higher mandated minimum wage may lead some firms to substitute capital for labor, likely reducing job opportunities.
Page One Economics Newsletter

Working Paper
Minimum Wages, Efficiency and Welfare

It has long been argued that a minimum wage could alleviate efficiency losses from monopsony power. In a general equilibrium framework that quantitatively replicates results from recent empirical studies, we find higher minimum wages can improve welfare, but most welfare gains stem from redistribution rather than efficiency. Our model features oligopsonistic labor markets with heterogeneous workers and firms and yields analytical expressions that characterize the mechanisms by which minimum wages can improve efficiency, and how these deteriorate at higher minimum wages. We provide a method to ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 058

Speech
Transcript of Moderated Conversation at UC Berkeley Event, US Economy: 10 Years after the Crisis: November 27, 2017

Transcript of Moderated Conversation at UC Berkeley Event, US Economy: 10 Years after the Crisis: November 27, 2017.
Speech , Paper 264

Working Paper
The Evolution of Technological Substitution in Low-Wage Labor Markets

This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal jobs are increasing and offsetting routine job loss. However, interpersonal job growth does not appear to be enough – as it was previous to the Financial Crisis – to fully offset the negative effects of automation on low-wage routine jobs. Employment losses are most evident among minority workers ...
Working Paper Series , Paper WP-2020-16

Working Paper
Minimum Wages and Consumer Credit : Impacts on Access to Credit and Traditional and High-Cost Borrowing

Proponents of minimum wage legislation point to its potential to raise earnings and reduce poverty, while opponents argue that disemployment effects lead to net welfare losses. But these arguments typically ignore the possibility of spillover effects on other aspects of households' financial circumstances. This paper examines how state-level minimum wages affect the decisions of lenders and low-income borrowers. Using data derived from direct mailings of credit offers, survey-reported usage of high-cost alternative credit products, and debt recorded in credit reports, we find that higher ...
Finance and Economics Discussion Series , Paper 2017-010

Working Paper
Do Minimum Wages Really Increase Youth Drinking and Drunk Driving?

Adams, Blackburn, and Cotti (ABC) found that increases in minimum wages were positively related to drunk driving?related traffic fatalities for those ages 16 to 20. The hypothesized mechanism for this relationship?increased alcohol consumption caused by minimum wage?induced income gains?remains empirically unexplored. Using data from two national behavioral surveys and an identification strategy identical to ABC, we find little evidence that an increase in the minimum wage leads to increases in alcohol consumption or drunk driving among teenagers. These results suggest a much smaller set of ...
FRB Atlanta Working Paper , Paper 2014-20

Working Paper
On the Inefficiency of Non-Competes in Low-Wage Labor Markets

We study the efficiency of non-compete agreements (NCAs) in an equilibrium model of labor turnover. The model is consistent with empirical studies showing that NCAs reduce turnover, average wages, and wage dispersion for low-wage workers. But the model also predicts that NCAs, by reducing turnover, raise recruitment and employment. We show that optimal NCA policy: (i) is characterized by a Hosios like condition that balances the benefits of higher employment against the costs of inefficient congestion and poaching; (ii) depends critically on the minimum wage, such that enforcing NCAs can be ...
Working Paper Series , Paper 2022-01

Discussion Paper
Minimum Wage Impacts along the New York-Pennsylvania Border

The federal minimum wage, currently set at $7.25 per hour, has remained unchanged for the longest stretch of time since its 1938 inception under the Fair Labor Standards Act. With the real purchasing power of the federal minimum wage eroded by inflation, many states and municipalities have raised their local minimum wages. As of July 2019, fourteen states plus the District of Columbia—home to 35 percent of Americans—have minimum wages above $10 per hour, as do numerous localities scattered across other states. New York is among a handful of states—along with California, Connecticut, ...
Liberty Street Economics , Paper 20190925

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

J38 5 items

J15 2 items

J21 2 items

J24 2 items

O33 2 items

D12 1 items

show more (12)

FILTER BY Keywords

PREVIOUS / NEXT