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Minimum wage: pros and cons

Author

Listed:
  • Ronald Bachmann
  • Thomas K. Bauer
  • Jochen Kluve
  • Christoph M. Schmidt

Abstract

As a supplement to the articles in ifo Schnelldienst 6/2008, Ronald Bachmann, Thomas K. Bauer, Jochen Kluve and Christoph M. Schmidt of RWI Essen present the results of an enterprise survey on the effects of the minimum-wage ruling in the postal services. Their survey shows that the minimum wage regulation has already led to short-term unemployment, which could become even worse in the long term.

Suggested Citation

  • Ronald Bachmann & Thomas K. Bauer & Jochen Kluve & Christoph M. Schmidt, 2008. "Minimum wage: pros and cons," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(10), pages 03-08, May.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:10:p:03-08
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    File URL: https://www.ifo.de/DocDL/ifosd_2008_10_1.pdf
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    References listed on IDEAS

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    1. Card, David & Krueger, Alan B, 1994. "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania," American Economic Review, American Economic Association, vol. 84(4), pages 772-793, September.
    2. David Neumark & William Wascher, 2006. "Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research," NBER Working Papers 12663, National Bureau of Economic Research, Inc.
    3. Kluve, Jochen & Schmidt, Christoph M., 2007. "Mindestlöhne ohne Reue - eine aussichtsreiche Option für Deutschland?," RWI Positionen 22, RWI - Leibniz-Institut für Wirtschaftsforschung.
    4. Joachim Ragnitz & Marcel Thum, 2008. "Employment effects of minimum wages - an explanation of calculations presented by the Ifo Institute," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(01), pages 16-20, January.
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    More about this item

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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