Does the minimum wage drive teenagers out of the labor force?

被引：0
作者：
Walter J. Wessels
机构：
[1] North Carolina State University,
来源：
Journal of Labor Research | 2005年 / 26卷
关键词：
Labor Force; Business Cycle; Minimum Wage; Labor Force Participation; Labor Force Participation Rate;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Labor force participation is directly related to the value of being in the labor force. The effect of the minimum wage on labor force participation thus measures how the minimum wage affects the welfare of labor force participants. In contrast, a decline in employment tells us little about welfare, because of the offsetting wage increase. Only changes in labor force participation can directly measure the welfare effects of the minimum wage. Despite this, most literature about the minimum wage has been focused on employment. My empirical results show that the minimum wage has a significant negative effect on teenage labor force participation. Thus, a minimum wage reduces the value of entering the labor market.
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页码：169 / 176
页数：7
相关论文
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