Minimum Wages and Retirement
Bibliographic Data
| ID | 3356433 |
|---|---|
| Authors | Mark Borgschulte (0000-0003-1422-8201, corresponding author), Heepyung Cho (0000-0001-8994-1568, Mark Borgschulte is an Assistant Professor of Economics at the University of Illinois, Urbana-Champaign and is a Research Affiliate with the Institute of Labor Economics (IZA). Heepyung Cho is a PhD student in Economics at the University of Illinois, Urbana-Champaign) |
| Year | 2020 |
| Volume | 73 |
| Issue | 1 |
| Pages | 153-177 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0019793919845861 |
| OpenAlex | W2899246797 |
| Language | EN |
| Citations received | 2 |
| References cited | 31 |
The authors study the effect of the minimum wage on the employment outcomes and Social Security claiming of older US workers from 1983 to 2016. The probability of work at or near the minimum wage increases substantially near retirement, and previous researchers and policies suggest that older workers may be particularly vulnerable to any disemployment effects of the minimum wage. Results show no evidence that the minimum wage causes earlier retirements. Instead, estimates suggest that higher minimum wages increase earnings and may have small positive effects on the labor supply of workers in the key ages of 62 to 70. Consistent with increased earnings and delayed retirement, higher minimum wages decrease the number of Social Security beneficiaries and amount of benefits disbursed. The minimum wage appears to increase financial resources for workers near retirement
Demographic economics · Earnings · Economics · Labour economics · Minimum wage · Social security · Wage · Wage growth · Work (physics) · Employment and Welfare Studies · Finance · Labor market dynamics and wage inequality · Retirement, Disability, and Employment
Effects of the Minimum Wage on Employment Dynamics
Wage Inequality in the United States During the 1980s
Wage Differentials, Employer Size, and Unemployment
The Contribution of the Minimum Wage to US Wage Inequality over Three Decades
Robust Inference With Multiway Clustering
Minimum Wage Effects Across State Borders
Unemployment Effects of Minimum Wages
Why Is There Mandatory Retirement
Myth and Measurement
Credible Research Designs for Minimum Wage Studies
Using Local Labor Market Data to Re-Examine the Employment Effects of the Minimum Wage
Revisiting the Minimum Wage-Employment Debate
Getting Handcuffs on an Octopus
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2022 - 2024 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |