By Card D., Ashenfelter O.
The guide brings jointly a scientific overview of the examine issues, empirical findings, and techniques that contain glossy hard work economics. It serves as an advent to what has been performed during this box, whereas even as indicating attainable destiny developments on the way to be very important in either spheres of private and non-private decision-making.
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Extra info for Handbook Of Labor Economics, Vol. 3B
1954) notes that both recognized that the growth of high- and low-wage plants could have been affected by factors other than the Ch. , in hosiery the high wage plants were further along in deploying new technology. Studies of the impact of the 1959 increase in the minimum wage on low-wage manufacturing were undertaken by the US Labor Department. , the proportional increase in average wages needed to bring all those below the new minimum wage up to that standard. There was general agreement in this instance that employment at high impact plants declined relative to low-impact ones, although the results were somewhat sensitive to the period over which the impact was measured.
Burkhauser et al. show that most of the SIPP-CPS difference is due to SIPP not separately identifying (and so they excluded) small states. As between the CPS estimates based on shorter and longer samples, there is no obvious reason to prefer the shorter sample. 31 This leaves the sizeable difference between their smallest estimate and those of C a r d K a t z - K r u e g e r using the same data. As the last line from Burkhauser et al. in Table 3 shows, the key difference is that C a r d - K a t z - K r u e g e r and N e u m a r k - W a s c h e r include year dummies, while Burkhauser et al.
Linneman (1982) focuses on adult employment changes due to the 1974-1975 minimum wage increases. He begins with the individual's 1973 wage (if s/he worked in 1973) or a predicted 1973 wage for non-workers. ) to form a predicted 1974 wage, ~. Individuals are then classified as above- or b e l o w - m i n i m u m wage depending on whether their predicted 1974 wage u) is above or below the 1974 m i n i m u m win; for those with ~ < Wm, he defines G A P = Wm - v~ (if ~ > Wm, G A P = 0). 72 for those above the m i n i m u m wage.