목차
1 Introduction and overview 2
2 A brief history of minimum wages 4
2.1 The rationale for minimum wage policies 4
2.2 The minimum wage debate 6
3 The wage and employment effects of minimum wages 9
3.1 Wages, employment and labor demand 9
3.2 Empirical methods to study the impact of minimum wage policies 12
3.3 Review of the evidence on employment effects 32
3.4 Effect on total hours 40
4 Margins of adjustment 41
4.1 Review the evidence on various margins of adjustment 41
4.2 Summary of evidence on margins of adjustment 55
4.3 Modeling implications and open questions 56
5 Inequality, distributional implications, and downstream effects 60
6 Minimum Wages in developing countries 66
7 Conclusion and future directions 68
References 70
Figures 90
Tables 97
