William Wascher
Biographic Data
| ID | 1107409 |
|---|---|
| NAME | William Wascher |
| GIVEN NAMES | William |
| FAMILY NAME | Wascher |
| SIGNATURE | WASCHER W |
| AFFILIATIONS | Federal Reserve |
| ORCID | 0000-0003-0313-5958 |
| VERIFIED | Yes |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 108 |
| AUTHOR COUNT | 14 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1984 |
| LATEST PUBLICATION YEAR | 2017 |
| H-INDEX | 4 |
Reply to “Credible Research Designs for Minimum Wage Studies
The authors make three points in this reply to the article by Allegretto, Dube, Reich, and Zipperer (ADRZ 2017). First, ADRZ shed no new light on the sensitivity of estimated minimum wage employment effects to the treatment of trends in state-level panel data, and they make some arguments in this context that are misleading or simply wrong. Second, the key issue ADRZ emphasize—using “close controls” to account for shocks that are correlated with …
Minimum Wages
Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater
The authors revisit the long-running minimum wage-employment debate to assess new studies claiming that estimates produced by the panel data approach commonly used in recent minimum wage research are flawed by that approach's failure to account for spatial heterogeneity. The new studies use research designs intended to control for this heterogeneity and conclude that minimum wages in the United States have not reduced employment. The authors expl…
Does a Higher Minimum Wage Enhance the Effectiveness of the Earned Income Tax Credit
The authors estimate the effects of the interactions between the Earned Income Tax Credit (EITC) and minimum wages on labor market outcomes. They use information on policy variation from the Department of Labor's Monthly Labor Review, reports published by the Center on Budget and Policy Priorities, and data on individuals and families from the Current Population Survey to assess the economic impact of minimum wages and the EITC on families. Their…
Minimum Wages
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool. Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increased the minimum wage and its coverage at irregular intervals ever s…
Distinguished Lecture on Economics in Government: Lessons from Past Productivity Booms
A number of observers argue that the present era of robust trend productivity growth will soon come to an end. Others contend that the potential gains to productivity from the technological advances associated with the computer revolution are far from complete. In assessing the likelihood of these alternative outcomes, one should recognize that periods of strong trend productivity growth, although perhaps novel to many of us, are not new to the U…
Minimum Wages, Labor Market Institutions, and Youth Employment: A Cross-National Analysis
The authors estimate the employment effects of changes in national minimum wages using a pooled cross-section time-series data set comprising 17 OECD countries for the period 1975–2000. The average effects they find are consistent with the view that minimum wages cause employment losses among youths. However, the evidence also shows considerable variation across countries. In particular, disemployment effects of minimum wages appear to be smaller…
Minimum Wage Effects on Employment and School Enrollment
We argue in this article that the focus on employment effects in recent studies of minimum wages ignores an important interaction between schooling, employment, and the minimum wage. To study these linkages, we estimate a conditional logit model of employment and enrollment outcomes for teenagers using state–year observations for the period 1977 to 1989. The results show a negative influence of minimum wages on school enrollment and a positive ef…
Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz, and Krueger
In In addition, we find that subrninimum wages moderate these disemployment effects
Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws
Using panel data on state minimum wage laws and economic conditions for the years 1973-89, the authors reevaluate existing evidence on the effects of a minimum wage on employment. Their estimates indicate that a 10% increase in the minimum wage causes a decline of 1-2% in employment among teenagers and a decline of 1.5-2% in employment for young adults, similar to the ranges suggested by earlier time-series studies. The authors also find evidence…
Can We Improve Upon Preliminary Estimates of Payroll Employment Growth
We explore the feasibility of improving upon the preliminary estimates of payroll employment growth from the U.S. Bureau of Labor Statistics by predicting subsequent revisions to these estimates, using the preliminary estimates themselves and other information available concurrently. Results of statistical tests suggest that the preliminary estimates can be improved upon; that is, they are not "efficient forecasts" of the revised estimates. The i…
Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply
Michael L. Wachter, William L. Wascher, Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply, The Review of Economics and Statistics, Vol. 73, No. 3 (Aug., 1991), pp. 575-576
Creative Destruction and the Behavior of Productivity over the Business Cycle
Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates
Michael L. Wachter, William L. Wascher, Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates, The Review of Economics and Statistics, Vol. 66, No. 2 (May, 1984), pp. 208-215
Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws
Using panel data on state minimum wage laws and economic conditions for the years 1973-89, the authors reevaluate existing evidence on the effects of a minimum wage on employment. Their estimates indicate that a 10% increase in the minimum wage causes a decline of 1-2% in employment among teenagers and a decline of 1.5-2% in employment for young adults, similar to the ranges suggested by earlier time-series studies. The authors also find evidence…
Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater
The authors revisit the long-running minimum wage-employment debate to assess new studies claiming that estimates produced by the panel data approach commonly used in recent minimum wage research are flawed by that approach's failure to account for spatial heterogeneity. The new studies use research designs intended to control for this heterogeneity and conclude that minimum wages in the United States have not reduced employment. The authors expl…
Minimum Wages, Labor Market Institutions, and Youth Employment: A Cross-National Analysis
The authors estimate the employment effects of changes in national minimum wages using a pooled cross-section time-series data set comprising 17 OECD countries for the period 1975–2000. The average effects they find are consistent with the view that minimum wages cause employment losses among youths. However, the evidence also shows considerable variation across countries. In particular, disemployment effects of minimum wages appear to be smaller…
Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz, and Krueger
In In addition, we find that subrninimum wages moderate these disemployment effects
Reply to “Credible Research Designs for Minimum Wage Studies
The authors make three points in this reply to the article by Allegretto, Dube, Reich, and Zipperer (ADRZ 2017). First, ADRZ shed no new light on the sensitivity of estimated minimum wage employment effects to the treatment of trends in state-level panel data, and they make some arguments in this context that are misleading or simply wrong. Second, the key issue ADRZ emphasize—using “close controls” to account for shocks that are correlated with …
Does a Higher Minimum Wage Enhance the Effectiveness of the Earned Income Tax Credit
The authors estimate the effects of the interactions between the Earned Income Tax Credit (EITC) and minimum wages on labor market outcomes. They use information on policy variation from the Department of Labor's Monthly Labor Review, reports published by the Center on Budget and Policy Priorities, and data on individuals and families from the Current Population Survey to assess the economic impact of minimum wages and the EITC on families. Their…
Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates
Michael L. Wachter, William L. Wascher, Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates, The Review of Economics and Statistics, Vol. 66, No. 2 (May, 1984), pp. 208-215
Creative Destruction and the Behavior of Productivity over the Business Cycle
Can We Improve Upon Preliminary Estimates of Payroll Employment Growth
We explore the feasibility of improving upon the preliminary estimates of payroll employment growth from the U.S. Bureau of Labor Statistics by predicting subsequent revisions to these estimates, using the preliminary estimates themselves and other information available concurrently. Results of statistical tests suggest that the preliminary estimates can be improved upon; that is, they are not "efficient forecasts" of the revised estimates. The i…
Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply
Michael L. Wachter, William L. Wascher, Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply, The Review of Economics and Statistics, Vol. 73, No. 3 (Aug., 1991), pp. 575-576
Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws
Using panel data on state minimum wage laws and economic conditions for the years 1973-89, the authors reevaluate existing evidence on the effects of a minimum wage on employment. Their estimates indicate that a 10% increase in the minimum wage causes a decline of 1-2% in employment among teenagers and a decline of 1.5-2% in employment for young adults, similar to the ranges suggested by earlier time-series studies. The authors also find evidence…
Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz, and Krueger
In In addition, we find that subrninimum wages moderate these disemployment effects
Minimum Wage Effects on Employment and School Enrollment
We argue in this article that the focus on employment effects in recent studies of minimum wages ignores an important interaction between schooling, employment, and the minimum wage. To study these linkages, we estimate a conditional logit model of employment and enrollment outcomes for teenagers using state–year observations for the period 1977 to 1989. The results show a negative influence of minimum wages on school enrollment and a positive ef…
Distinguished Lecture on Economics in Government: Lessons from Past Productivity Booms
A number of observers argue that the present era of robust trend productivity growth will soon come to an end. Others contend that the potential gains to productivity from the technological advances associated with the computer revolution are far from complete. In assessing the likelihood of these alternative outcomes, one should recognize that periods of strong trend productivity growth, although perhaps novel to many of us, are not new to the U…
Minimum Wages, Labor Market Institutions, and Youth Employment: A Cross-National Analysis
The authors estimate the employment effects of changes in national minimum wages using a pooled cross-section time-series data set comprising 17 OECD countries for the period 1975–2000. The average effects they find are consistent with the view that minimum wages cause employment losses among youths. However, the evidence also shows considerable variation across countries. In particular, disemployment effects of minimum wages appear to be smaller…
Minimum Wages
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool. Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increased the minimum wage and its coverage at irregular intervals ever s…
Does a Higher Minimum Wage Enhance the Effectiveness of the Earned Income Tax Credit
The authors estimate the effects of the interactions between the Earned Income Tax Credit (EITC) and minimum wages on labor market outcomes. They use information on policy variation from the Department of Labor's Monthly Labor Review, reports published by the Center on Budget and Policy Priorities, and data on individuals and families from the Current Population Survey to assess the economic impact of minimum wages and the EITC on families. Their…
Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater
The authors revisit the long-running minimum wage-employment debate to assess new studies claiming that estimates produced by the panel data approach commonly used in recent minimum wage research are flawed by that approach's failure to account for spatial heterogeneity. The new studies use research designs intended to control for this heterogeneity and conclude that minimum wages in the United States have not reduced employment. The authors expl…
Minimum Wages
Reply to “Credible Research Designs for Minimum Wage Studies
The authors make three points in this reply to the article by Allegretto, Dube, Reich, and Zipperer (ADRZ 2017). First, ADRZ shed no new light on the sensitivity of estimated minimum wage employment effects to the treatment of trends in state-level panel data, and they make some arguments in this context that are misleading or simply wrong. Second, the key issue ADRZ emphasize—using “close controls” to account for shocks that are correlated with …
Economics (14 works) · Labour economics (9 works) · Demographic economics (7 works) · Labor market dynamics and wage inequality (7 works) · Minimum wage (7 works) · Wage (7 works) · Econometrics (6 works) · Employment and Welfare Studies (6 works) · Gender, Labor, and Family Dynamics (6 works) · Economic Growth and Productivity (4 works)