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Full-Text Articles in Labor Economics
The Minimum Wage And Teen Unemployment: A Study Of The Effect Of The Fair Minimum Wage Act Of 2007, Alexander Pino
The Minimum Wage And Teen Unemployment: A Study Of The Effect Of The Fair Minimum Wage Act Of 2007, Alexander Pino
Pepperdine Policy Review
The Fair Minimum Wage Act of 2007 increased the national minimum wage from $5.15 per hour to $7.25 per hour. We attempt to evaluate the impact of this statute on low-skill labor. We do so by analyzing the effect of the law on the teen unemployment rate in the five states with no state minimum wages (Alabama, Louisiana, Mississippi, South Carolina, and Tennessee). Using the adult unemployment rate as a control in a difference-in-differences analysis we find that the 2007 minimum wage increase had a negative effect on teen employment in these states.
Rust-Belt Recovery: The Cleveland Model As Economic Development In An Age Of Economic Stagnation And Climate Change, Ross Lenihan
Rust-Belt Recovery: The Cleveland Model As Economic Development In An Age Of Economic Stagnation And Climate Change, Ross Lenihan
Pepperdine Policy Review
The economic outlook of the United States is dire. According to the U.S. Census Bureau, poverty has not lessened even as U.S. Gross Domestic Product (GDP) has rebounded following the Great Recession. This paper explores the development potential of joint worker-community cooperative structures during the current economic downturn by analyzing the “Cleveland model,” a network of worker-owned cooperatives supported by local education/healthcare "anchor" institutions and financed and organized by a non-profit community development corporation. I find that while worker and community-owned enterprises hold significant promise for both workers and communities in times of economic stagnation and ecological danger, existing market …