Tag Archives: minimum wage

The effect of minimum wages on firm value

Ever since minimum wages were first introduced into labor markets, policy controversies have been fought out over the question of whether minimum wages cause companies to lay off employees and whether they impact on firm performance, for example by decreasing … Continue reading

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Happy birthday, you’re fired! Effects of the age-dependent minimum wage in the Netherlands

The effects of the minimum wage on youth employment flows are at the focal point of the current policy debate in the Netherlands. A specific feature of the Dutch minimum wage system is that the youth minimum wage rate is … Continue reading

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Minimum wages impede job growth in the long run

There is hardly any other topic in the economics profession with more diverging opinions, empirical evidence and policy recommendations than the effect of minimum wages on employment. Jonathan Meer (Texas A&M University and NBER) and Jeremy West (MIT) provide a … Continue reading

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What’s new with Germany’s minimum wage?

January 1st brought a pay raise for (potentially) four million people in Germany: The country’s first statutory minimum wage of 8.50 euros per hour went into effect. Due to concerns about negative employment effects in the low-wage sector, certain industries … Continue reading

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IZA Fellow Sarah Brown appointed to the UK’s independent Low Pay Commission

Sarah Brown, economics professor at the University of Sheffield and IZA Research Fellow since 2008, has been appointed a new member of the Low Pay Commission (LPC) that advises the British government. “The Low Pay Commission’s independent, expert advice is … Continue reading

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Hiring credits stimulated employment during recession in France

In response to soaring unemployment during the Great Recession, the French government introduced a hiring credit in December 2008. The program called zéro charges allowed firms with fewer than ten employees to hire workers at the minimum wage without paying … Continue reading

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Understanding the German minimum wage

With the introduction of a statutory minimum wage at a rather high starting level of 8.50 euros, Germany has undertaken a large-scale policy experiment that continues to raise eyebrows among economists worldwide. In a statement for Chinese Social Sciences Today, … Continue reading

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