Minimum Wages and On-the-job Training
Minimum Wages and On-the-job Training

Author: Daron Acemoglu

Publisher:

Published: 1999

Total Pages: 60

ISBN-13:

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Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for constrained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 of the training of low wage workers. We find no evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the standard theory of human capital.

Minimum Wage
Minimum Wage

Author: United States. Congress. House. Committee on Education and the Workforce

Publisher:

Published: 2000

Total Pages: 548

ISBN-13:

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Inequality and Poverty Re-Examined
Inequality and Poverty Re-Examined

Author: Stephen P. Jenkins

Publisher: OUP Oxford

Published: 2007-09-20

Total Pages: 325

ISBN-13: 0191527289

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The issues surrounding poverty and inequality continue to be of central concern to academics, politicians and policy makers but the ways in which we seek to study and understand them continue to change over time. This accessible book seeks to provide a guide to some of the new approaches that have been developed in the light of international initiatives to reduce poverty and the notable changes in income inequality and poverty that have occurred across many western countries in recent years. These new approaches have to some degree been facilitated by the emergence of new techniques and a growing availability of data that enable cross national comparisons not only of income but also of measures of welfare such as educational achievement, nutritional status in developing countries and wealth and deprivation indicators in the developed world. Including specially commissioned research from a distinguished list of international authors, this volume makes a real contribution to the public debate surrounding inequality and poverty as well as providing new empirical information about them from around the world.

The Right to a Living Wage
The Right to a Living Wage

Author: Matt Uhler

Publisher: Greenhaven Publishing LLC

Published: 2017-07-15

Total Pages: 202

ISBN-13: 1534500804

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With the disappearance of well-paying jobs and the increasing cost of living, it’s becoming more and more difficult to stay afloat in the United States. Workers who earn the minimum wage often can’t afford the most basic needs. In response, more than 100 U.S. cities have issued living wage ordinances, requiring payments that allow workers to afford food, clothing, shelter, utilities, and healthcare. It may seem obvious that everyone wins with a living wage. But does paying out a living wage help or harm the economy? Should corporations be forced to pay them? What is society’s responsibility to its workers?

Informality Revisited
Informality Revisited

Author: William Francis Maloney

Publisher: World Bank Publications

Published: 2003

Total Pages: 32

ISBN-13:

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The author develops a view of the informal sector in developing countries primarily as an unregulated micro-entrepreneurial sector and not as a disadvantaged residual of segmented labor markets. Drawing on recent work from Latin America, he offers alternative explanations for many of the characteristics of the informal sector customarily regarded as evidence of its inferiority.

Living Wage Movements
Living Wage Movements

Author: Deborah M. Figart

Publisher: Routledge

Published: 2004-07-31

Total Pages: 235

ISBN-13: 1134362420

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Living wage activism has spanned time and space, reaching across decades and national boundaries. Conditions generating living wage movements early in the twentieth century have resurfaced in the twenty-first century, only on a global scale: 'sweated' labour, macroeconomic instability, and job insecurity. Upon reviewing the empirical evidence, the book's contributors make strong cases both for and against living wage activism. The effective blend of historical, contemporary, and global perspectives provides opportunities for teachers, scholars, and activists to evaluate how we can address low pay at the organizational and macroeconomic levels.