A Survey of the Effects of the Minimum Wage on Prices
A Survey of the Effects of the Minimum Wage on Prices
复制标题
最低工资对物价影响的调查
DOI:
--
复制
发表时间:
2008
期刊:
影响因子:
--
通讯作者:
Sara Lemos
中科院分区:
文献类型:
--
作者:
Sara Lemos
It is well established in the literature that minimum wage increases compress the wage distribution. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are hundreds of studies on the employment effect of the minimum wage, there are merely a handful of studies on its profit effects, and only a couple of dozen studies on its price effects. Furthermore, a comprehensive survey on minimum wage price effects is not available in the literature. Given the policy relevance of this neglected issue, in this paper we summarize and critically compare the available evidence on the effects of minimum wages on prices. Copyright 2008 The Author Journal compilation © 2008 Blackwell Publishing Ltd.