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2 edition of effects of minimum wages on the distribution of family incomes found in the catalog.

effects of minimum wages on the distribution of family incomes

David Neumark

effects of minimum wages on the distribution of family incomes

a non-parametric analysis

by David Neumark

  • 226 Want to read
  • 20 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Minimum wage -- United States -- Econometric models.,
  • Income distribution -- United States -- Econometric models.,
  • Employment (Economic theory),
  • Poor -- United States -- Econometric models.

  • Edition Notes

    StatementDavid Neumark, Mark Schweitzer, William Wascher.
    SeriesNBER working paper series -- working paper 6536, Working paper series (National Bureau of Economic Research) -- working paper no. 6536.
    ContributionsSchweitzer, Mark E. 1964-, Wascher, William L., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1 .W654 no. 6536
    The Physical Object
    Pagination30, [13] p. :
    Number of Pages30
    ID Numbers
    Open LibraryOL22403344M

      As the political debate roars on, the numbers are clear: Even two full-time workers at U.S. minimum wage can't keep a family of four above the poverty line.   The figure shows the share of gains from a simulated $ increase in the minimum wage in the year , by income decile. It also shows the distribution of income by decile, allowing a comparison between the distribution of the wage increase to the distribution of income. The distribution of both variables is highly skewed in opposite directions.

      A recent study by the Congressional Budget Office, entitled “The Effects on Employment and Family Income of Increasing the Federal Minimum Wage,” . Shortly after taking office in , Brazil's President raised the minimum wage by 20% and promised to double the value of the minimum wage before his term ends in The usual rationale for minimum wage increases is to bring about beneficial changes in the income distribution, by raising incomes of poor and low-income families.

    Lawmakers, mostly Democrats, in at least 30 other states are sponsoring or are expected to introduce minimum-wage bills. Growing interest at the state level in shoring up low-wage incomes through minimum-wage increases could put pressure on Congress to pass some form of minimum-wage legislation this year. Under both approaches, we find that raising the minimum wage increases earnings growth at the bottom of the distribution, and those effects persist and indeed grow in magnitude over several years. This finding is robust to a variety of specifications, including alternatives commonly used in the literature on employment effects of the minimum wage.


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Effects of minimum wages on the distribution of family incomes by David Neumark Download PDF EPUB FB2

Get this from a library. The effects of minimum wages on the distribution of family incomes: a non-parametric analysis.

[David Neumark; Mark E Schweitzer; William L Wascher; National Bureau of Economic Research.] -- Abstract: The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force.

Minimum Wages and the Distribution of Family Incomes† By Arindrajit Dube* There is robust evidence that higher minimum wages increase family incomes at the bottom of the distribution. The long-run (3 or more years) minimum wage elasticity of the non-elderly poverty rate with respect to the minimum wage ranges between − and − In this paper, we present evidence on the effects of minimum wages on family incomes from matched March CPS surveys.

Using non-parametric estimates of the distributions of family income relative to needs in states and years with an without minimum wage increases, we examine the effects of minimum wages on this distribution, and on the.

The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force. However, estimates of employment effects of minimum wages tell us relatively little about whether minimum wages are likely to achieve this goal; even if the disemployment effects of minimum wages are modest, minimum wage increases could result in net income.

The federal minimum wage of $ per hour has not changed since Increasing it would raise the earnings and family income of most low-wage workers, lifting some families out of poverty—but it would cause other low-wage workers to become jobless, and their family income would fall.

Inverting the policy's effect on the cumulative distribution, I estimate minimum wage elasticities for unconditional quantiles of family incomes. The long run minimum wage elasticities for the 10th and 15th unconditional quantiles of equivalized family incomes. Minimum wages can therefore play a useful role in supporting incomes for those in the lower part of the distribution – even when they do not lift households above an “arbitrary” poverty line.

What matters more than the effect on poverty-headcounts, is whether minimum wages improve the lives of low-income households and whether they are. construct valid counterfactuals. Inverting the policy’s effect on the cumulative distribution, I estimate minimum wage elasticities for unconditional quantiles of family incomes.

The long run minimum wage elasticities for the 10th and 15th unconditional quantiles of equivalized family incomes range between and depending on. The Effects of Minimum Wages Throughout the Wage Distribution David Neumark, Mark Schweitzer, William Wascher.

NBER Working Paper No. Issued in February NBER Program(s):Labor Studies This paper provides evidence on a wide set of margins along which labor markets can adjust in response to increases in the minimum wage, including wages, hours, employment, and ultimately labor income.

Reflecting the greater variety of methods and sources of variation in minimum wage effects used sincethis review documents a wider range of estimates of the employment effects of the minimum wage than was found in earlier—predominantly time-series—studies. Dube, A.

Minimum Wages and the Distribution of Family Incomes IZA. Owners of the firms are hurt because of reduced profits from the minimum wage. The magnitude of these effects depends on the elasticities of labor demand and supply.

The equity-efficiency trade-off means that policies that increase equity can create inefficiencies. The minimum wage provides an example of that trade-off. Get this from a library. The effects of minimum wages on the distribution of family incomes: a non-parametric analysis.

[David Neumark; Mark E Schweitzer; William L Wascher; National Bureau of Economic Research.]. Minimum Wages and the Distribution of Family Incomes By Arindrajit Dube There is robust evidence that higher minimum wages increase fam-ily incomes at the bottom of the distribution.

The long run (3 or more years) minimum wage elasticity of the non-elderly poverty rate with respect to the minimum wage ranges between and. David Neumark, Mark Schweitzer, and William Wascher, “The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-Parametric Analysis,” Journal of.

For this report, CBO examined the effects on employment and family income of two options for increasing the federal minimum wage (see the figure below): A “$ option” would increase the federal minimum wage from its current rate of $ per.

Downloadable. The primary goal of a national minimum wage floor is to raise the incomes of poor families with members in the work force. We present evidence on the effects of minimum wages on family incomes from March CPS surveys.

Using non-parametric estimates of the distributions of family income relative to needs in states and years with and without minimum wage increases, we examine. Key Words: minimum wages, poverty, nonparametric, family incomes Suggested citation: Neumark, David, Mark Schweitzer, and William Wascher, "The Effects of Minimum Wages on the Distribution of Family Incomes: A Nonparametric Analysis," Federal Reserve Bank of Cleveland, Working Paper no.

Cited by: Effect of minimum wages on family-income distribution In my paper, I use the shift in the cumulative distribution of family income to calculate income changes by percentiles. I find that the largest increases occur between the bot-tom 10th and 15th percentiles.

A 10 percent increase in the minimum wage raises pretax. BibTeX @ARTICLE{Neumark_“the, author = {David Neumark and Mark Schweitzer and William Wascher and David Neumark and Mark Schweitzer and William Wascher}, title = { “The Effects of Minimum Wages on the Distribution of Family Incomes: A Nonparametric Analysis}, journal = {Journal of Human Resources}, year = {}, pages = {}}.

Essays, Op-eds, and Blog Posts: "Impacts of Minimum Wages: Review of International Evidence" - Report prepared for Her Majesty's Treasury (UK), New. "Making a Case for a Higher Minimum Wage" - Essay in The Milken Review, New.

Minimum wages and the distribution of family incomes in the United States [WCEG Research Brief] April CITY LIMITS: US city. The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-Parametric Analysis. David Neumark (), Mark Schweitzer and William Wascher. NoNBER Working Papers from National Bureau of Economic Research, Inc Abstract: The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force.effects of minimum wages on the income distribution.

First, most of the well-known papers on this topic, including Gramlich (), Johnson and Browning (), Burkhauser and Finegan (), and Horrigan and Mincy (), do not directly esti-mate the consequences of minimum-wage increases for family incomes, but rather.

The average family income of a minimum-wage earner is almost $50, and less than one in five live at or below the poverty line. "The Effects of Minimum Wages on the Distribution of Family.