ERIC Number: ED081972
Record Type: RIE
Publication Date: 1971-Jul
Reference Count: N/A
An Analysis of (1) The Cyclical Stability of Aggregate Employment and (2) The Effects of Federal Minimum Wage Legislation on Teenage Employment.
(1) Estimates of the "typical" industrial distribution of fluctuations in total U.S. Employment about long run trends are provided with evidence of secular drift that results in employment becoming less sensitive to changes in G.N.P. (2) A Model is presented to analyze the effects of minimum wage legislation with uneven industrial coverage on the aggregate wage distribution and the industrial distribution of employment. While empirical evidence is not included, the analytical implication is that these policies can be most harmful to those who have the lowest earning capacity. (Author)
Descriptors: Business Cycles, Employment Patterns, Federal Legislation, Minimum Wage Legislation, Models, Youth Employment
National Technical Information Service, Springfield, Va. 22151 (PB-202 404, MF $1.45, HC $3.00)
Publication Type: N/A
Education Level: N/A
Sponsor: Manpower Administration (DOL), Washington, DC. Office of Research and Development.
Authoring Institution: National Bureau of Economic Research, Inc., New York, NY.