The minimum wage as a redistributive tool

Article Abstract:

The minimum wage improves the earnings of low paid workers and reduces earnings inequality. These effects depend on the labor market conditions and the effective enforcement of its implementation. However, high levels of minimum wage could have a negative effect on employment because of worker displacement particularly those in financially troubled firms. An effective set of minimum wage should consider both the risks and advantages and must coincide with long-term policies to improve worker productivity and well-being.

United States economic conditions, Wages, Minimum wage

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Distribution, aggregate demand and unemployment in OECD countries

Article Abstract:

A study was conducted to examine the role of income distribution in setting levels of unemployment. The study applies a theoretical model to OECD countries including the US, Japan, West Germany, France, UK, Italy, Canada, Belium, Netherlands and Sweden for the period from 1976-1989. Results show that the model provides a significant description of unemployment conditions for the studied countries. In addition, the impact of income distribution changes on unemployment can be transmitted in various ways.

Unemployment, Organization for Economic Cooperation and Development, Demand (Economics)

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Explaining the growth in UK income inequality: 1979-1988

Article Abstract:

A study was conducted to evaluate a dominant perception of increased income inequality distributions for the UK. The study attempts to establish a link between academic representations of inequality and studies of policy-makers and the public. A simulation model is likewise analyzed to determine the extent by which the tax and benefit system has affected such growth. It is shown that the perception remains valid for any type of inequality measure.

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