Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/193409 
Authors: 
Year of Publication: 
2018
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 6v2 [Publisher:] Institute of Labor Economics (IZA) [Place:] Bonn [Year:] 2018
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
The potential benefits of higher minimum wages come from the higher wages for affected workers, some of whom are in poor or low-income families. The potential downside is that a higher minimum wage may discourage employers from using the low-wage, low-skill workers that minimum wages are intended to help. If minimum wages reduce employment of low-skill workers, then minimum wages are not a "free lunch" with which to help poor and low-income families, but instead pose a tradeoff of benefits for some versus costs for others. Research findings are not unanimous, but evidence from many countries suggests that minimum wages reduce the jobs available to low-skill workers.
Subjects: 
minimum wage
employment effects
Persistent Identifier of the first edition: 
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.