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In the empirical literature on minimum wage enforcement, the standard approach is to measure the number of violations, not their depth. In this paper we present a family of violation indices which, by analogy with poverty indices, can emphasize the depth of violation to different degrees. The...
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This paper investigates the determinants of non-compliance or violation of minimum wage legislation in South Africa, a country where violation is high, at just under 50 percent. The number of labour inspectors per capita is used as a proxy for enforcement, whilst non-compliance is measured using...
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Farm performance measures based upon 10 years of individual farm data are linearly regressed on risk preferences of 41 dairy farmers. Greater aversion to risk produces a lower average but more stable income, although the importance of risk preferences in determining long-run performance appears...
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