English, Article, Journal or magazine article edition: The Economic Impact of Living Wage Ordinances Mark D Brenner

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Bookmark: http://trove.nla.gov.au/version/199795
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Economic Impact of Living Wage Ordinances
Author
  • Mark D Brenner
Physical Description
  • preprint
Notes
  • Drawing upon both prospective and retrospective evidence, this paper reviews the economic effects of local living wage ordinances. I concentrate my attention on the higher costs these measures create for covered firms, as well as their budgetary implications vis-à-vis cities that adopt them. I also briefly review the effect that living wage laws have had on bidding environment for city service contracts. Based on a range of cost estimates associated with living wage laws, I then examine the adjustment channels firms are likely to pursue when adjusting to higher labor costs, including: raising prices; increasing firm productivity; redistributing income within the firm; laying off employees; and relocating out of the area covered by the living wage mandate.
  • RePEc:uma:periwp:wp80
Language
  • English
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