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Bridging the Gap in the New Minimum Wage Research
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| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | Bridging the Gap in the New Minimum Wage Research. |
| 개인저자 | Farren, Michael Diltz. |
| 단체저자명 | The Ohio State University. Agricultural, Environmental and Developmental Economics. |
| 발행사항 | [S.l.]: The Ohio State University., 2017. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2017. |
| 형태사항 | 340 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-05A. Dissertation Abstract International |
| ISBN | 9781687936646 |
| 학위논문주기 | Thesis (Ph.D.)--The Ohio State University, 2017. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-05, Section: A.
Advisor: Partridge, Mark D. |
| 이용제한사항 | This item must not be sold to any third party vendors. |
| 요약 | The launch of the "New Minimum Wage Research" in the early 1990s by David Card, Alan Krueger, Lawrence Katz, David Neumark, and William Wascher-and the associated divergent empirical results-upended the standing consensus among economists that the minimum wage reduced employment of low-skill workers. I attempt to bridge the resulting gap in the empirical research. Rather than investigating what the effect is, I instead endeavor to understand why the various studies have found such differing results. I focus on clearly theorizing and articulating what the demand for low-skill labor should look like and from this develop a methodology to estimate it. By doing this, I address the core of the controversy, rather than offer yet another estimate of the employment effect of the minimum wage.My dissertation investigates three main theses that surprisingly, given the amount of previous minimum wage research, remain mostly unexplored. 1)First, I investigate whether the methodology used by previous research itself is responsible for the divergence in results. Nearly all minimum wage research uses a log-log econometric model. I provide theoretical arguments that the demand for low-skill labor should have the exact opposite curvature than that imposed on it by the log-log model. The log-log model also restricts the regression analysis to estimate a single effect of the minimum wage, regardless of the current level of the minimum wage or the size of the increase. My approach is more flexible and permits variation in the wage elasticity of demand for low-skill labor. 2)Most previous minimum wage research uses a single, nominally-valued, minimum wage variable. This approach also inherently assumes that there is a single effect of minimum wage increases, rather than allowing different sources of minimum wage variation to have different effects. In response, I estimate whether the effect of the minimum wage varies by type of minimum wage variation.3)Lastly, while multiple researchers-including those that originated the "New Minimum Wage Research"-have postulated that the effect of the minimum wage likely varies by region, labor market, or timing of the increase, nearly no research has actually systematically explored whether the effect of the minimum wage does vary across time and space. My results indicate that there is indeed substantial variation in how different labor markets and regions respond to minimum wage increases, and that the effect also varies over time. This supports Boudreaux's contention that the effect of the minimum wage is unique to each region and time period (Boudreaux, 2016a). In short, the divergence in the results found by the New Minimum Wage Research may be at least partly attributable to the econometric model commonly used and variation in the effect of the minimum wage. |
| 일반주제명 | Economics. Regional studies. Labor relations. |
| 언어 | 영어 |
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