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Editor’S Introduction To The Review Symposium On The Book Myth And Measurement: The New Economics Of The Minimum Wage, Ronald G. Ehrenberg
Editor’S Introduction To The Review Symposium On The Book Myth And Measurement: The New Economics Of The Minimum Wage, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Why has Myth and Measurement engendered so much controversy? In part, because it deals with the minimum wage. The minimum wage was the first piece of protective labor legislation adopted at the national level, and proposals to increase the minimum wage invariably lead to heated debate between labor and business interests. When a book co-authored by the then chief economist in the Clinton Labor Department purports to show that, contrary to received wisdom, minimum wage increases do not appear to have any diverse effects on employment, it is predictable that conservative critics will attack its findings.
Economic And Statistical Analysis Of Discrimination In Hiring, Ronald G. Ehrenberg, Robert Smith
Economic And Statistical Analysis Of Discrimination In Hiring, Ronald G. Ehrenberg, Robert Smith
Ronald G. Ehrenberg
Legal and administrative determinations of employers' compliance with "equal employment opportunity" (EEO) requirements often hinge on the Issue of the availability of protected class members to employers. That is, courts and affirmative action review agencies compare the hire rates of protected class members (the ratio of the number of protected class members hired to the number who applied or who were potentially available) to the comparable ratio for other applicants, in assessing whether an employer's hiring policies meet the standards required of them by equal opportunity regulations. The purpose of this paper is to review what economic theory suggests affects …
The Development Of The Neoclassical Tradition In Labor Economics, George R. Boyer, Robert S. Smith
The Development Of The Neoclassical Tradition In Labor Economics, George R. Boyer, Robert S. Smith
George R. Boyer
This essay on labor economics examines neoclassical theory's rise to ascendancy following the second World War, with a secondary focus on the relative decline but continued influence of institutionalist economic theory. The authors describe the evolution of institutional and neoclassical theory from the late nineteenth to mid-twentieth centuries, examine some early intellectual debates between the two camps, briefly describe the work of neoclassical labor economics pioneers, and look at major developments over the past 30 years. They argue that neoclassical economists' increasing intellectual breadth and influence in public policy have led them to pay closer attention to issues that have …