Minimum Wage Effects on Reservation Wages.
Reservation wages are part of the transmission mechanism between minimum wages and unemployment via the labour force participation decision. The limited available empirical evidence on the relationship between reservation wages and legal minimum wages suggest that individuals use minimum wages as be...
| Publicado en: | Journal of Labor Research Vol. 43; no. 3/4; pp. 415 - 440 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Springer Nature
Dec2022
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=160458867&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 160458867 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01953613 JLR jtl: Journal of Labor Research issn: 01953613 maglogo: N pubinfo: dt: Dec2022 vid: 43 iid: 3/4 pid: 237 pub: Springer Nature artinfo: ui: 160458867 10.1007/s12122-022-09337-y ppf: 415 ppct: 25 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.5MB tig: atl: Minimum Wage Effects on Reservation Wages. aug: au: Sousounis, Panos Lanot, Gauthier affil: Department of Economics, The University of Manchester, M13 9PL, Manchester, UK School of Business and Economics, Umeå University, SE-901 87, Umeå, Sweden su: United Kingdom Minimum wage Wages Regression discontinuity design Labor supply Standard of living Wage increases sug: subj: Minimum wage Wages Regression discontinuity design Labor supply Standard of living United Kingdom Temporary Help Services Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors Wage increases keyword: Employment Fuzzy regression discontinuity J21 J23 J31 J38 Minimum wages Participation rate Reservation wages Unemployment Employment Fuzzy regression discontinuity J21 J23 J31 J38 Minimum wages Participation rate Reservation wages Unemployment ab: Reservation wages are part of the transmission mechanism between minimum wages and unemployment via the labour force participation decision. The limited available empirical evidence on the relationship between reservation wages and legal minimum wages suggest that individuals use minimum wages as benchmarks against which their reservation wages are set. This has a profound behavioural effect that may encourage individuals to either enter the labour force or price themselves out of potential employment. We employ a fuzzy regression discontinuity design to explore the influence of minimum wages on reservation wages. Our findings suggest that the behavioural response is too small to be extracted from the variability of the reservation wage data. For policy makers this finding is important. While minimum wages raise earnings and living standards, they can push some workers out of the labour force by increasing their reservation wage beyond the minimum. We do not find any evidence of such a response of the reservation wage of jobseekers to the minimum wage in the UK. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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