Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125228
Authors: 
Hamermesh, Daniel S.
Year of Publication: 
2014
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2014 [Issue:] 3
Abstract: 
Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. Overtime pay, hiring subsidies, the minimum wage, and payroll taxes are just a few of the policies that affect labor costs. Policies that increase labor costs can substantially affect both employment and hours, in individual companies as well as the overall economy.
Subjects: 
labor demand
wages
employee benefits
JEL: 
J23
J20
Persistent Identifier of the first edition: 
Document Type: 
Article

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