The Effects Of Increasing The Minimum Wage On Prices: Analyzing The Incidence Of Policy Design And Context,
California State University, San Bernardino
The Effects Of Increasing The Minimum Wage On Prices: Analyzing The Incidence Of Policy Design And Context, Daniel Macdonald, Eric Nilsson
Upjohn Institute Working Papers
We analyze the price pass-through effect of the minimum wage and use the results to provide insight into the competitive structure of low-wage labor markets. Using monthly price series, we find that the pass-through effect is entirely concentrated on the month that the minimum wage change goes into effect, and is much smaller than what the canonical literature has found. We then discuss why our results differ from that literature, noting the impact of series interpolation in generating most of the previous results. We then use the variation in the size of the minimum wage change to evaluate the competitive …
Agglomeration Economies: A Literature Review,
W.E. Upjohn Institute for Employment Research
Agglomeration Economies: A Literature Review, Kathleen Bolter, Jim Robey
Reports
No abstract provided.
Who Really Made Your Car?: Restructuring And Geographic Change In The Auto Industry,
Federal Reserve Bank of Chicago
Who Really Made Your Car?: Restructuring And Geographic Change In The Auto Industry, Thomas H. Klier, James M. Rubenstein
Upjohn Press
The authors present the key characteristics of the vast network of auto parts suppliers and describe the changing geography of U.S. motor vehicle production at the local, regional, national, and international levels.
Making Sense Of Incentives: Taming Business Incentives To Promote Prosperity,
W.E. Upjohn Institute for Employment Research
Making Sense Of Incentives: Taming Business Incentives To Promote Prosperity, Timothy J. Bartik
Upjohn Press
In evaluating incentives, everything depends on the details: how much in incentives it takes to truly cause a firm to locate or expand, the multiplier effects, the effects of jobs on employment rates, how jobs affect tax revenue versus public spending needs. Do benefits of incentives exceed costs? This depends on the details. This book is about those details. What magnitudes of incentive effects are plausible? How do benefits and costs vary with incentive designs? What advice can be given to evaluators? What is an ideal incentive policy? Answering these questions about incentives depends on a model of incentive effects, …
"But For" Percentages For Economic Development Incentives: What Percentage Estimates Are Plausible Based On The Research Literature?,
W.E. Upjohn Institute for Employment Research
"But For" Percentages For Economic Development Incentives: What Percentage Estimates Are Plausible Based On The Research Literature?, Timothy J. Bartik
Upjohn Institute Working Papers
This paper reviews the research literature in the United States on effects of state and local “economic development incentives.” Such incentives are tax breaks or grants, provided by state or local governments to individual firms, that are intended to affect firms’ decisions about business location, expansion, or job retention. Incentives’ benefits versus costs depend greatly on what percentage of incented firms would not have made a particular location/expansion/retention decision “but for” the incentive. Based on a review of 34 estimates of “but for” percentages, from 30 different studies, this paper concludes that typical incentives probably tip somewhere between 2 percent …
Supply Shock Versus Demand Shock: The Local Effects Of New Housing In Low-Income Areas,
W.E. Upjohn Institute for Employment Research
Supply Shock Versus Demand Shock: The Local Effects Of New Housing In Low-Income Areas, Brian J. Asquith, Evan Mast, Davin Reed
Upjohn Institute Working Papers
We study the local effects of new market-rate housing in low-income areas using microdata on large apartment buildings, rents, and migration. New buildings decrease nearby rents by 5 to 7 percent relative to locations slightly farther away or developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect—we show that new buildings absorb many high-income households—that overwhelms any offsetting endogenous amenity effect. The latter may be small because most new buildings go into already-changing areas. Contrary to common concerns, new buildings slow local rent increases rather than initiate or accelerate them.
Understanding The Decline Of U.S. Manufacturing Employment,
W.E. Upjohn Institute for Employment Research
Understanding The Decline Of U.S. Manufacturing Employment, Susan N. Houseman
Upjohn Institute Working Papers
U.S. manufacturing experienced a precipitous and historically unprecedented decline in employment in the 2000s. Many economists and other analysts—pointing to decades of statistics showing that manufacturing real (inflation-adjusted) output growth has largely kept pace with private sector real output growth, that productivity growth has been much higher, and that the sector’s share of aggregate employment has been declining—argue that manufacturing’s job losses are largely the result of productivity growth (assumed to reflect automation) and are part of a long-term trend. Since the 1980s, however, the apparently robust growth in manufacturing real output and productivity have been driven by a relatively …
Monopsony In The U.S. Labor Market,
Federal Reserve Bank of Richmond
Monopsony In The U.S. Labor Market, Chen Yeh, Claudia Macaluso, Brad J. Hershbein
Upjohn Institute Working Papers
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a monopsonistic environment and, at least since the early 2000s, the labor market in U.S. manufacturing has become more monopsonistic. To reach this conclusion, we exploit rich administrative data for U.S. manufacturers and estimate plant-level markdowns—the ratio between a plant’s marginal revenue product of labor and its wage. In a competitive labor market, markdowns would be equal to unity. Instead, we …
Ai Exposure And The Future Of Work: Linking Task-Based Measures To U.S. Occupational Employment Projections,
W.E. Upjohn Institute for Employment Research
Ai Exposure And The Future Of Work: Linking Task-Based Measures To U.S. Occupational Employment Projections, Erik Vasilauskas, Michael Horrigan
Reports
No abstract provided.
Gig Economy Sebagai Sumber Ekonomi Baru Penduduk Kelas Menengah Di Jakarta,
BPS Provinsi Jawa Timur
Gig Economy Sebagai Sumber Ekonomi Baru Penduduk Kelas Menengah Di Jakarta, La Ode Ahmad Arafat, Siectio Dicko Pratama, Rizal Rahadiana
Jurnal Ekonomi Kependudukan dan Keluarga
The weakening purchasing power of the middle class in Jakarta due to income stagnation and rising prices has encouraged the search for additional sources of income. The gig economy, which offers flexibility and higher income opportunities, is a potential alternative. This study aims to analyze the characteristics of middle-class workers and gig workers and measure the potential of the gig economy in increasing income. Analysis of the 2023 National Labor Force Survey (Sakernas) shows that 82.42% of Jakarta workers are middle class, the majority of whom have a high school education with an average income of 4.8 million rupiah per …
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