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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.
Prospects In The Academic Labor Market For Economists, Ronald G. Ehrenberg
Prospects In The Academic Labor Market For Economists, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] American colleges and universities are increasingly substituting nontenure track full-time and part-time faculty for full-time tenured and tenure track faculty. Moreover, institutions of public higher education, where almost two-thirds of the full-time faculty members at four-year institutions are employed, are under severe financial pressure. The share of state budgets devoted to public higher education is declining. The salaries of economics department faculty members at public higher education institutions have fallen substantially relative to the salaries of their counterparts at private higher education institutions, and it is becoming increasingly difficult for the publics to compete for top faculty in economics. …
The Social Security Student Benefit Program And Family Decisions, Ronald G. Ehrenberg
The Social Security Student Benefit Program And Family Decisions, Ronald G. Ehrenberg
Ronald G. Ehrenberg
In 1965 Congress established the Social Security Student Benefit Program which provided benefits for children of deceased, disabled or retired workers, who were enrolled in college full—time and were not married, up until the semester they turned age 22. The program grew to be a major financial aid program; at its peak in FY 81 it represented about 20% of all federal outlays on student assistance for higher education. The program was terminated for students newly entering college as of May 1, 1982. Somewhat surprisingly, in contrast to the debate that accompanies most social programs, debate over the student benefit …
Retirement Policies, Employment, And Unemployment, Ronald G. Ehrenberg
Retirement Policies, Employment, And Unemployment, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] There is a growing consensus among economists that reliance on aggregate demand policies alone will not be sufficient to move the economy to full employment with a nonaccelerating inflation rate, and that policies which alter the structure of labor markets will be required. While obvious structural policies such as public sector employment programs and training programs are the focus of current debate, many other public policies affect labor markets in subtle ways which may well adversely affect the level and distribution of employment and unemployment. To help improve the inflation-unemployment tradeoff, policymakers should seek to marginally modify these policies, …
[Review Of The Book Discrimination In Labor Markets], Ronald G. Ehrenberg
[Review Of The Book Discrimination In Labor Markets], Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] In sum, I consider Discrimination in Labor Markets a fine volume. Anyone who has the slightest interest in the analysis of labor-market discrimination should seriously contemplate purchasing it. The relatively nontechnical nature of the papers will appeal to a wide range of readers, and the book should quickly find its way onto reading lists for undergraduate and graduate courses that discuss the economics of discrimination.
The Demand For State And Local Government Employees, Ronald G. Ehrenberg
The Demand For State And Local Government Employees, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] The primary purpose of this paper is to present empirical estimates of the wage elasticities of demand for different categories of state and local government employees. The employment demand equations that are estimated are derived from a utility maximization model of state and local government behavior. After presenting this model in the first section, we next briefly discuss the data used in the study. The structural system of demand equations is then estimated using pooled time-series and cross-section information, with annual individual state data as the units of observation. A number of alternative estimation methods are used in the …
Absenteeism And The Overtime Decision, Ronald G. Ehrenberg
Absenteeism And The Overtime Decision, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Upon reading the congressional hearing on the Overtime Pay Penalty Act of 1964, one cannot fail to be impressed by the emphasis that management places on absenteeism as a primary cause of overtime. The argument given is basically quite simple: Large firms, it is claimed, attempt to account for absenteeism by hiring standby workers; however because of the stochastic nature of the absentee rate, it is impossible for them to have replacements always available. Hence overtime must be worked by existing employees in order to meet production schedules. One concludes from this argument that the randomness of absenteeism is …
The Impact Of The Overtime Premium On Employment And Hours In U.S. Industry, Ronald G. Ehrenberg
The Impact Of The Overtime Premium On Employment And Hours In U.S. Industry, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] This paper presents empirical estimates of the intra-industry cross-section relationship between annual overtime hours per man and the ratio of these quasi-fixed costs to the overtime wage rate. Estimates are also made of the impact of a change in the overtime premium on employment and hours; these estimates have implications for policymakers concerned with the wisdom of increasing the overtime premium as a method of job creation.