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Textbook analysis tells us that in a competitive labor market, the introduction of a minimum wage above the competitive equilibrium wage will cause unemployment. This paper makes two contributions to the basic theory of the minimum wage. First, we analyze the effects of a higher minimum wage in...
Persistent link: https://www.econbiz.de/10010921206
sector employment, uncovered sector employment, and unemployment. The impact of these labor market adjustments on absolute poverty will depend on how the pattern of employment composition changes within households and on how income is shared within households. An earlier paper (Fields and...
Persistent link: https://www.econbiz.de/10004979508
This paper considers a seeming disconnect between the consensus in policy circles that reducing gender inequalities is to be prioritized in strategies for reducing inequality and poverty, and a view in mainstream economics (and in some policy circles) that gender inequalities are overemphasized....
Persistent link: https://www.econbiz.de/10010882411
Persistent link: https://www.econbiz.de/10010921273
Despite historically high rates of economic growth in South Asia over the last two decades, the extent of informality remains large and widespread. This paper asks why that is, why informality needs to be addressed, and how it can be addressed. The central thrust of this paper is to emphasize...
Persistent link: https://www.econbiz.de/10010921320
The rati¯cation of ILO Labor Standards Conventions is a key explanatory variable in the empirical literature linking labor standards to economic performance. The assumption is that rati¯cation gives information on labor standards implemented in a country. This paper investigates the...
Persistent link: https://www.econbiz.de/10011070540
We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers...
Persistent link: https://www.econbiz.de/10010882382
Persistent link: https://www.econbiz.de/10010882395
Persistent link: https://www.econbiz.de/10010882401
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...
Persistent link: https://www.econbiz.de/10010882420