Understanding international differences in the skill premium: The role of capital taxes and transfers
In: Journal of economic dynamics & control, Band 143, S. 104511
ISSN: 0165-1889
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In: Journal of economic dynamics & control, Band 143, S. 104511
ISSN: 0165-1889
In: The journal of human resources, Band 58, Heft 1, S. 335-362
ISSN: 1548-8004
In: Oka, T., & Yamada, K. (2023). Heterogeneous impact of the minimum wage: implications for changes in between-and within-group inequality. Journal of Human Resources, 58(1), 335-362.
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Working paper
In: Contemporary economic policy: a journal of Western Economic Association International, Band 25, Heft 1, S. 107-118
ISSN: 1465-7287
This article examines the impact of the minimum wage on employment, focusing on women in their 20s and 30s, who are known to be typical low‐wage workers in Japan. The results, based on a panel estimation, suggest that the minimum wage has a measurable impact on employment; the workers whose current wage is below the revised minimum wage are about 20–30 percentage points less likely to be employed in the following year than comparable low‐wage workers who are not affected by the revision of the minimum wage. The estimation results are sensitive to the choice of the control group. (JEL J23, J38, J88)
The statutory minimum wage has steadily increased for decades in Japan, while the median wage has fallen nominally since 1999 because of a severe recession. We use large micro-data sets from two government surveys to investigate how the minimum wage has affected the wage distribution under unusual circumstances of deflation. The compression of the lower tail of the female wage distribution is largely explained by an increased real value of the minimum wage. Steady increases in the effective minimum wage reduced employment among low-skilled, middle-aged female workers, but the mechanical effect associated with disemployment on wage compression was minimal.
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In: IZA Discussion Paper No. 4949
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