LEADER 05031nam 2200721 a 450 001 9910453895403321 005 20200520144314.0 010 $a0-262-29217-3 010 $a0-262-28056-6 010 $a1-4356-9184-9 035 $a(CKB)1000000000720472 035 $a(OCoLC)310354911 035 $a(CaPaEBR)ebrary10255171 035 $a(SSID)ssj0000203326 035 $a(PQKBManifestationID)11201234 035 $a(PQKBTitleCode)TC0000203326 035 $a(PQKBWorkID)10258872 035 $a(PQKB)10887558 035 $a(StDuBDS)EDZ0000155741 035 $a(MiAaPQ)EBC3338952 035 $a(OCoLC)310354911$z(OCoLC)503445819$z(OCoLC)646768079$z(OCoLC)704073961$z(OCoLC)767091177$z(OCoLC)961593883$z(OCoLC)962325839$z(OCoLC)962566443$z(OCoLC)988449578$z(OCoLC)991913206$z(OCoLC)992095890$z(OCoLC)1037408715$z(OCoLC)1037905786$z(OCoLC)1038596905$z(OCoLC)1045464238$z(OCoLC)1055385207$z(OCoLC)1058559325$z(OCoLC)1058756744$z(OCoLC)1063892686$z(OCoLC)1081228194$z(OCoLC)1083598313$z(OCoLC)1097146458 035 $a(OCoLC-P)310354911 035 $a(MaCbMITP)7555 035 $a(PPN)170257207 035 $a(Au-PeEL)EBL3338952 035 $a(CaPaEBR)ebr10255171 035 $a(EXLCZ)991000000000720472 100 $a20080424d2008 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMinimum wages$b[electronic resource] /$fDavid Neumark and William L. Wascher 210 $aCambridge, Mass. $cMIT Press$dc2008 215 $a1 online resource (388 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-262-51508-3 311 $a0-262-14102-7 320 $aIncludes bibliographical references (p. [335]-357) and index. 327 $aIntroduction -- The history of the minimum wage in the United States -- The effects of minimum wages on employment -- Minimum wage effects on the distribution of wages and earnings -- The effects of minimum wages on the distribution of incomes -- The effects of minimum wages on skills -- The effects of minimum wages on prices and profits -- The political economy of minimum wages -- Summary and conclusions. 330 8 $aThis is a comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labour market outcomes, and concludes that the minimum wage is not a good policy tool. 330 $aMinimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increased the minimum wage and its coverage at irregular intervals ever since; in addition, as of the beginning of 2008, thirty-two states and the District of Columbia had established a minimum wage higher than the federal level, and numerous other local jurisdictions had in place "living wage" laws. Over the years, the minimum wage has been popular with the public, controversial in the political arena, and the subject of vigorous debate among economists over its costs and benefits. In this book, David Neumark and William Wascher offer a comprehensive overview of the evidence on the economic effects of minimum wages. Synthesizing nearly two decades of their own research and reviewing other research that touches on the same questions, Neumark and Wascher discuss the effects of minimum wages on employment and hours, the acquisition of skills, the wage and income distributions, longer-term labor market outcomes, prices, and the aggregate economy. Arguing that the usual focus on employment effects is too limiting, they present a broader, empirically based inquiry that will better inform policymakers about the costs and benefits of the minimum wage. Based on their comprehensive reading of the evidence, Neumark and Wascher argue that minimum wages do not achieve the main goals set forth by their supporters. They reduce employment opportunities for less-skilled workers and tend to reduce their earnings; they are not an effective means of reducing poverty; and they appear to have adverse longer-term effects on wages and earnings, in part by reducing the acquisition of human capital. The authors argue that policymakers should instead look for other tools to raise the wages of low-skill workers and to provide poor families with an acceptable standard of living. 606 $aMinimum wage$zUnited States 606 $aIncome distribution$zUnited States 606 $aLabor supply$zUnited States 606 $aMinimum wage 608 $aElectronic books. 615 0$aMinimum wage 615 0$aIncome distribution 615 0$aLabor supply 615 0$aMinimum wage. 676 $a331.2/30973 700 $aNeumark$b David$0123948 701 $aWascher$b William L$0948891 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910453895403321 996 $aMinimum wages$92144919 997 $aUNINA 999 $p$47.50$u12/06/2019$5Bus