Earnings, EITC, and Employment Responses to a $15 Minimum Wage: Will Low-Income Workers Be Better Off? (Record no. 10742)
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| fixed length control field | 02027nab a2200265 4500 |
| 005 - DATE & TIME | |
| control field | 20201109111608.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 201109b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Fahimullah, Fahad |
| 245 ## - TITLE STATEMENT | |
| Title | Earnings, EITC, and Employment Responses to a $15 Minimum Wage: Will Low-Income Workers Be Better Off? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc | Sage, |
| Date of publication, distribution, etc | 2019 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Pages | Vol.33, Issue 4,2019;(331-350 p. ) |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The District of Columbia will increase its minimum wage to $15 per hour in 2020. The city also provides a local refundable earned income tax credit (EITC) equal to 40% of the federal EITC. Using a computable general equilibrium model, the authors estimate the economic impact of the $15 wage policy. They also use a tax policy microsimulation model to estimate how the city’s EITC interacts with a higher minimum wage. Overall, the authors find that the higher minimum wage will produce significant income gains for most of the city’s low-wage workers, with relatively few job losses. Additionally, they forecast that most city EITC recipients will receive a lower EITC, but higher earnings more than offset the reduced tax credit. The model predicts that this policy change would largely be funded by higher consumer prices, lower firm profits, and higher business productivity. These predictions are subject to important caveats, including a local labor market that is likely inadequately characterized in a model assuming perfect competition. Economic policy makers should therefore use such modeling approaches as a powerful but ultimately imperfect tool. |
| 650 ## - Subject | |
| Subject | minimum wage, |
| 650 ## - Subject | |
| Subject | EITC, |
| 650 ## - Subject | |
| Subject | general equilibrium, |
| 650 ## - Subject | |
| Subject | low-income workers, |
| 650 ## - Subject | |
| Subject | policy simulation |
| 700 ## - Added Entry Personal Name | |
| Added Entry Personal Name | Geng, Yi |
| 700 ## - Added Entry Personal Name | |
| Added Entry Personal Name | Hardy, Bradley |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 10589 |
| Host Itemnumber | 15392 |
| Place, publisher, and date of publication | Sage Publisher |
| Title | Economic development quarterly |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://doi.org/10.1177/0891242419880269 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Articles |
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