Abstracts » Economics

Inequality from relative wages

Article Abstract:

A study based on data from the Current Population Survey show that wage inequality has been increasing between college-educated workers and other groups since 1963. Experience is also a factor in growing wage disparity, along with increasing demand for general discretionary skills that earn higher compensation. Wages for African Americans and women have been increasing, although the general trend is that of a grow gap between the wealthy and the poor.

Analysis, Economic aspects, Education, Higher, Higher education, Wages and salaries

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Perspectives on the social security crisis and proposed solutions

Article Abstract:

An analysis of the social security financing problem reveals that the most significant factors affecting it are political risk and transition regimes. Other factors affecting it include the questionable efficiency of alternative transition paths, changing tax base proposals, differences in rates of return across assets and the failure of the government to do something sooner resulting in an aggravation of the problem.

Economics, Research and Development in the Social Sciences and Humanities, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Social Security, Evaluation, Government insurance, Social legislation, Social law

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Employment and the 1990-1991 minimum-wage hike

Article Abstract:

Government passed a federal minimum wage hike in 1990-1991 that increased rates from $3.35 to $3.80 on Apr. 1, 1990, and later to $4.25 on Apr. 1, 1991. The wage hikes also raised employment costs for relatively unskilled workers. Employment/population ratios also fluctuated with changes in the minimum wage. Regression analysis indicated that higher employment costs for low-wage earners negated employment frequency.

Research, Employment, Minimum wage, Unskilled labor

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