Location of Repository

A Survey of the Effects of the Minimum Wage on Prices

By Sara Lemos

Abstract

It is well established in the literature that minimum wage increases compress the wage distribution. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are hundreds of studies on the employment effect of the minimum wage, there are merely a handful of studies on its profit effects, and only a couple of dozen studies on its price effects. Furthermore, a comprehensive survey on minimum wage price effects is not available in the literature. Given the policy relevance of this neglected issue, in this paper we summarize and critically compare the available evidence on the effects of minimum wages on prices

Year: 2007
DOI identifier: 10.1111/j.1467-6419.2007.00532.x
OAI identifier: oai:lra.le.ac.uk:2381/2931
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://onlinelibrary.wiley.com... (external link)
  • http://hdl.handle.net/2381/293... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.