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Date: April 29, 2024 Mon
Time: 8:29 pm
Time: 8:29 pm
Results for minimum wage
1 results foundAuthor: Beauchamp, Andrew Title: The Minimum Wage and Crime Summary: Does crime respond to changes in the minimum wage? A growing body of empirical evidence indicates that increases in the minimum wage have a displacement eff ect on low-skilled workers. Economic reasoning provides the possibility that dis-employment may cause youth to substitute from legal work to crime. However, there is also the countervailing eff ect of a higher wage raising the opportunity cost of crime for those who remain employed. We use the National Longitudinal Survey of Youth 1997 cohort to measure the eff ect of increases in the minimum wage on self-reported criminal activity and examine employment-crime substitution. Exploiting changes in state and federal minimum wage laws from 1997 to 2010, we fi nd that workers who are a ffected by a change in the minimum wage are more likely to commit crime, become idle, and lose employment. Individuals experiencing a binding minimum wage change were more likely to commit crime and work only part time. Analyzing heterogeneity shows those with past criminal connections are especially likely to see decreased employment and increased crime following a policy change, suggesting that reduced employment e effcts dominate any wage e ffects. The findings have implications for policy regarding both the low-wage labor market and e fforts to deter criminal activity. Details: Boston, MA: Boston College, 2013. 24p. Source: Internet Resource: Accessed November 23, 2013 at: https://www2.bc.edu/~beauchaa/CrimeMW.pdf Year: 2013 Country: United States URL: https://www2.bc.edu/~beauchaa/CrimeMW.pdf Shelf Number: 131666 Keywords: Economics and Crime (U.S.) Minimum WageUnemployment and Crime |