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来源类型Working Paper
规范类型报告
DOI10.3386/w26926
来源IDWorking Paper 26926
The Economic Impact of a High National Minimum Wage: Evidence from the 1966 Fair Labor Standards Act
Martha J. Bailey; John DiNardo; Bryan A. Stuart
发表日期2020-04-06
出版年2020
语种英语
摘要This paper examines the short and longer-term economic effects of the 1966 Fair Labor Standards Act (FLSA) which increased the national minimum wage to its highest level of the 20th Century and extended coverage to an additional 9.1 million workers. Exploiting differences in the “bite” of the minimum wage due to regional variation in the standard of living and industry composition, this paper finds that the 1966 FLSA increased wages dramatically but reduced aggregate employment only modestly. However, the disemployment effects were significantly larger among African-American men, forty percent of whom earned below the new minimum wage in 1966.
主题Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w26926
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584599
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Martha J. Bailey,John DiNardo,Bryan A. Stuart. The Economic Impact of a High National Minimum Wage: Evidence from the 1966 Fair Labor Standards Act. 2020.
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