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Employment effects of minimum wages

David Neumark ()

IZA World of Labor, 2014, No izawol.6, 6

Abstract: The potential benefits of higher minimum wages come from the higher wages for affected workers, some of whom are in low-income families. The potential downside is that a higher minimum wage may discourage employers from using the low-wage, low-skill workers that minimum wages are intended to help. Research findings are not unanimous, but evidence from many countries suggests that minimum wages reduce the jobs available to low-skill workers.

Keywords: minimum wages; employment effects (search for similar items in EconPapers)
JEL-codes: J23 J38 (search for similar items in EconPapers)
Date: 2014
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