A SURVEY OF THE EFFECTS OF THE MINIMUM WAGE ON PRICES
综述了最低工资上涨对价格影响的现有研究,发现相关文献数量远少于对就业影响的研究,并批判性比较了已有证据,对政策制定者具有参考价值。
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.