Do legal minimum wages create rents? A re-examination of the evidence.

From: Southern Economic Journal | Date: July 1, 1993| Author: Sicilian, Paul; Grossberg, Adam J. | Copyright information

A study of the effects of minimum wages concludes that there are doubts as to whether minimum wages provide economic rents for all employees, and this bears out an assertion by Wessel that employers will cut non-money aspects to compensate for minimum wage enforcement. Workers apparently overestimate the value of jobs paying the minimum wage, since this cutting back is not foreseen. Further research on employees' propensities to leave jobs at a time of stability in the minimum wage would be u...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

Most Pittsburgh-Area Employers Say They Already Pay More than Minimum Wage. (Originated from Pittsburgh Post-Gazette)
Knight Ridder/Tribune Business News ; Jan. 25--President Clinton's proposal to raise the minimum wage is eliciting muted opposition from Pittsburgh-area businesses - so far. In part, that's because many believe a Republican-controlled Congress will beat back any effort to raise the minimum from its current $4.25 an hour to what is
GOP-led Senate sidelines minimum wage issue; Democrats declare moratorium on future congressional pay hikes
Westside Gazette ; One week after the GOP-controlled Senate blocked a proposal to raise the $5.15 an hour minimum wage, marking the 9th such rejection of a minimum wage increase, Democrats in the Senate declared a moratorium on congressional pay hikes until the federal minimum wage was raised. "They can play games
Kerry calls for increase in minimum wage.
Chicago Tribune (Chicago, IL) ; Byline: Frank James ALEXANDRIA, Va. _ Sen. John Kerry on Friday called for raising the minimum wage to $7 an hour by 2007, saying the value of today's hourly minimum is at a 55-year low. The Massachusetts Democrat, who is expected to be his party's presidential nominee, said a $1.85 increase in the
Committee blocks minimum wage increase; Legislators say Doyle sought too large a raise
The Milwaukee Journal Sentinel ; Committee blocks minimum wage increase Legislators say Doyle sought too large a raise Madison -- Saying an increase in the minimum wage would threaten small businesses and Wisconsin's fragile economic recovery, Republican legislators Thursday blocked Gov. Jim Doyle's plan to raise the
Minimum sense: Labour's wage policy. (U.K. Labour Party advocates a minimum wage law)(Brief Article)
The Economist (US) ; A VICTORIOUS Labour government would introduce a national minimum wage. This would fly in the face of economic logic, and be unlikely to deliver the social benefits that the party claims for it. No wonder Labour hopes to limit debate on the subject by not saying what the minimum wage would be,