Minimum wage effects in the longer run

Minimum wage effects in the longer run
David Neumark, David Neumark
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Last edited by jgalron
December 14, 2022 | History

Minimum wage effects in the longer run

"Exposure to minimum wages at young ages may lead to longer-run effects. Among the possible adverse longer-run effects are decreased labor market experience and accumulation of tenure, lower current labor supply because of lower wages, and diminished training and skill acquisition. Beneficial longer-run effects could arise if minimum wages increase skill acquisition, or if short-term wage increases are long-lasting. We estimate the longer-run effects of minimum wages by using information on the minimum wage history that workers have faced since potentially entering the labor market. The evidence indicates that even as individuals reach their late 20's, they work less and earn less the longer they were exposed to a higher minimum wage, especially as a teenager. The adverse longer-run effects of facing high minimum wages as a teenager are stronger for blacks. From a policy perspective, these longer-run effects of minimum wages are likely more significant than the contemporaneous effects of minimum wages on youths that are the focus of most research and policy debate"--National Bureau of Economic Research web site.

Publish Date
Language
English

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Edition Availability
Cover of: Minimum wage effects in the longer run
Minimum wage effects in the longer run
2004, National Bureau of Economic Research
Electronic resource in English

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Book Details


Edition Notes

Includes bibliographical references.
Title from PDF file as viewed on 1/11/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
Cambridge, MA
Series
NBER working paper series ;

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3475976M
LCCN
2005615422

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December 14, 2022 Edited by jgalron Edited without comment.
December 13, 2020 Edited by MARC Bot import existing book
February 5, 2010 Edited by WorkBot add more information to works
December 9, 2009 Created by WorkBot add works page