Low-paid employment is a key issue for labour market policy. The essays in this book, focusing on European countries, provide new empirical evidence regarding the impact of minimum wages on employment, earnings mobility among low-paid workers, job satisfaction across the earnings distribution, unemployment traps, the demand for low-skilled workers, and the existence of monopsonistic competition.
It is the tenth anniversary of the introduction of the National Minimum Wage. The remit for this annual report (Cm. 7611, ISBN 9780101761123), is the monitoring and evaluation of the impact of the minimum wage and the effects on different groups of workers. Also under review is the current apprenticeship exemptions. The Low Pay Commission consults with employers, workers and their representatives, with written evidence taken from over 90 organisations and individuals. The report is divided into 8 chapters with appendices, and covers the following areas: Chapter 1: Introduction; Chapter 2: Aggregate impact of the National Minimum Wage; Chapter 3: Low-paying sectors & small firms; Chapter 4: Particular groups of workers; Chapter 5: Young people; Chapter 6: Apprentices; Chapter 7: Compliance and enforcement; Chapter 8: Setting the rates. The Commission made the following recommendations, including: that the adult minimum wage rate should increase from £5.73 to £5.80 in October 2009; that youth development should increase from £4.77 to £4.83 and the rate for 16-17 year olds from £3.53 to £3.57 from October 2009. Also, that 21 year olds should be entitled to the adult rate of the National Minimum Wage and that a minimum wage for apprentices should be introduced under the National Minimum Wage.
This is an open access book. 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) to be held in Chongqing (Online) on October 14-16, 2022. As the leader of the global trend of scientific and technological innovation, China is constantly creating a more open scientific and technological innovation environment, expanding the depth and breadth of academic cooperation, and building a shared innovation community. These efforts are making new contributions to globalization and building a community with a shared future for mankind. ICEMCI aims to bring together innovative academics and industry experts in Economic Management and Cultural Industry into a common forum. We will discuss and research on areas such as International Economics and Trade, Sustainable Economic Development, Economic Statistics, Economic Policy, The impact of cultural industries on the economy, etc. ICEMCI 2022 also aims to provide a platform for experts, scholars, engineers, technicians and technology R&D personnel to share scientific research results and cutting-edge technologies, understand academic development trends, expand research ideas, strengthen academic research and discussion, and promote cooperation in the industrialization of academic achievements . With the theme "Economic Management and Cultural Industry", ICEMCI 2022 aspires to keeping up with advances and changes to a consistently morphing field. Leading researchers and industry experts from around the globe will be presenting the latest studies through papers, keynote speeches and oral presentations. We warmly invite you to participate in ICEMCI 2022 and look forward to seeing you in Chongqing !
From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Chapters by leading experts on unemployment, immigration, pay, and trade unions discuss what can be learned from the past two decades, and what should be done now to tackle Britain's current labour market problems, arguing for a more targeted approach to tackle unemployment, exclusion, and inequality consistent with today's tight public budgets.
"The analysis of the distributional impact of policy reforms on the well-being or welfare of different stakeholder groups, particularly on th e poor and vulnerable, has an important role in the elaboration and implementation of poverty reduction strategies in developing countries. In recent years this type of work has been labeled as Poverty and Social Impact Analysis (PSIA) and is increasingly implemented to promote evidence-based policy choices and foster debate on policy reform options. While information is available on the general approach, techniques, and tools for distributional analysis, each sector displays a series of specific characteristics. These have implications for the analysis of distributional impacts, including the types of impacts and transmission channels that warrant particular attention, the tools and techniques most appropriate, the data source typically utilized, and the range of political economy factors most likely to affect the reform process. This volume provides an overview of the specific issues arising in the analysis of the distributional impacts of policy and institutional reforms in selected sectors. Each chapter offers guidance on the selection of tools and techniques most adapted to the reforms under scrutiny, and offers examples of applications of these approaches. This is a companion to the first volume, which offers guidance on trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy, and education."
This year the Low Pay Commission's recommendations, to take effect from 1 October 2012, include: that the adult rate of the National Minimum Wage be increased by 11 pence to £6.19 an hour; a Youth Development Rate of £4.98 and hour and a 16-17 Year old rate of £3.68 an hour and that the Apprentice rate be increased by 5 pence to £2.65 an hour. The Commission also recommends that the accommodation offset be increased by 9 pence to £4.82 a day. They also suggest that in order to make operating the National Minimum Wage as simple as possible for all users; the Government puts in place, and maintains, effective, clear and accessible guidance on all aspects of the minimum wage particularly where there is significant evidence of ignorance or infringing practice. As a first step, the Government should undertake a review of all existing guidance. The Government should not only have a process for naming infringers but should also make frequent use of it. The Government should more actively communicate both the rates themselves, and rights and obligations
Die Fragen, wie der Arbeitsmarkt funktioniert und welchen Einfluss die Politik ausüben kann, sind Dauerbrenner in der gesellschaftlichen und politischen Debatte. Das hierzu nötige Wissen speist sich aus der Arbeitsmarktforschung, die häufig Impulse aus dem Alltagsgeschäft der Arbeitsmarktpolitik bekommt. Umgekehrt laden Fortschritte in der Methodenentwicklung und der Datenerschließung die Arbeitsmarktpolitik dazu ein, neue Fragen aufzuwerfen, die bisher nicht beantwortet werden konnten. Michael Stops greift solche Entwicklungen auf und fokussiert drei Themenbereiche: - Berufliche Mobilität und Effizienz des Arbeitsmarktausgleichs - Die Entwicklung der Effizienz des Arbeitsmarktausgleichs vor, während und nach den Jahren der deutschen Arbeitsmarktreformen 2003-2005 auf beruflichen Teilarbeitsmärkten - Die Wirkung des flächendeckenden Mindestlohns in Großbritannien auf die Beschäftigung 1999-2012
