The Contibution of Minimum Wages to Increasing Wage Inequality  

Oleh:

Teulings, Coen N.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 113 no. 490 (2003), page 801-833.
Topik: Wages; minimum wages; wage inequality
Fulltext: 801.pdf (385.17KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.11 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Recent research has shown the reduction in the minimum wage to be the main cause of the rise in wage dispersion in the lower half of the wage distribution in the US during the 1980s. However, the return to human capital does not seem to have been much affected. Using new methodology this paper confirms previous conclusions regarding the wage distribution but shows that the return to human capital has also increased strongly. A 10 % reduction of the minimum wage causes the wage of someone earning the previous minimum to fall by 8 % : evidence in favour of a DIstance - Dependent Elasticity of Substitution (DIDES) production function.

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