Literaturnachweis - Detailanzeige
| Autor/inn/en | Macpherson, David A.; Even, William E. |
|---|---|
| Institution | Employment Policies Inst. Foundation, Washington, DC. |
| Titel | The Consequences of Indexing the Minimum Wage to Average Wages in the U.S. Economy. |
| Quelle | (1995), (24 Seiten)
PDF als Volltext kostenfreie Datei |
| Sprache | englisch |
| Dokumenttyp | gedruckt; online; Monographie |
| Schlagwörter | Quantitative Daten; Comparative Analysis; Economic Impact; Employment Level; Employment Opportunities; Labor Economics; Longitudinal Studies; Minimum Wage; Poverty; Public Policy; Salary Wage Differentials; Statistical Analysis; Tables (Data) |
| Abstract | The consequences of indexing the minimum wage to average wages in the U.S. economy were analyzed. The study data were drawn from the 1974-1978 May Current Population Survey (CPS) and the 180 monthly CPS Outgoing Rotation Group files for 1979-1993 (approximate annual sample sizes of 40,000 and 180,000, respectively). The effects of indexing on the minimum wage were analyzed, the beneficiaries of a higher minimum wage were identified, and the question of whether indexing satisfies the objectives of minimum wage policy was discussed. It was discovered that, had the minimum wage been linked to the average wage back in 1974, the minimum wage would have been seriously overindexed by 1994. The analysis of the impact of a higher minimum wage on specific groups revealed that children and other workers living with their parents would thus receive more than twice as much extra income as would all families dependent on a single minimum wage worker. Simple comparisons between the minimum wage and other wages in the economy were concluded to be simplistic. It was recommended that adjustments be made for changes in the composition of the work force (the baby boom generation has entered its prime earnings years; greater numbers of women have entered the workforce, working for lower wages than men; and more college degree holders with higher average wages have entered the work force) just as adjustments are made for inflation. (Contains 22 tables/figures and 15 references.) (MN) |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
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