Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148468
Authors: 
Kalenkoski, Charlene Marie
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 243
Abstract: 
Policymakers often propose a minimum wage as a means of raising incomes and lifting workers out of poverty. However, improvements in some young workers’ incomes as a result of a minimum wage come at a cost to others. Minimum wages reduce employment opportunities for youths and create unemployment. Workers miss out on on-the-job training opportunities that would have been paid for by reduced wages upfront but would have resulted in higher wages later. Youths who cannot find jobs must be supported by their families or by the social welfare system. Delayed entry into the labor market reduces the lifetime income stream of young unskilled workers.
Subjects: 
minimum wages
youth employment
entry-level jobs
work experience
on-the-job training
JEL: 
J30
J31
Persistent Identifier of the first edition: 
Document Type: 
Article

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