professional/wow-inequalities
1
0
Fork 0
Code Issues Pull requests Projects Releases Packages Wiki Activity

feat(script): Add Eckardt2022 to cited studies

Browse source 
It is irrelevant for the sample pool (no empirical data) but useful
as framework for income inequalities.
This commit is contained in:
Marty Oehme 2024-01-17 11:33:56 +01:00
parent 8db6e3c008
commit 4c32fd0682
Signed by: Marty
GPG key ID: EDBF2ED917B2EF6A
2 changed files with 68 additions and 0 deletions
Download patch file Download diff file Expand all files Collapse all files

59
02-data/processed/irrelevant/Eckardt2022.yml Normal file
View file

@ -0,0 +1,59 @@
author: Eckardt, M. S.
year: 2022
title: Minimum wages in an automating economy
publisher: Journal of public economic theory
uri: https://doi.org/10.1111/jpet.12528
pubtype: article
discipline: economics
country: United States
period:
maxlength: nr
targeting: explicit
group: low-skill workers
data: nr
design: simulation
method: task-based framework model
sample:
unit:
representativeness: national
causal: # 0 correlation / 1 causal
theory:
limitations:
observation:
- intervention: minimum wage
institutional: 1
structural: 1
agency: 0
inequality: income
type: 0 # 0 vertical / 1 horizontal
indicator: 1 # 0 absolute / 1 relative
measures: income share (low-skill workers)
findings: decreases if large displacement effects through machines/high-skill workers
channels: displacement effects; changed demand; non-flexibility of wages
direction: -1 # -1 neg / 0 none / 1 pos
significance: # 0 nsg / 1 msg / 2 sg
- intervention: minimum wage
institutional: 1
structural: 1
agency: 0
inequality: income
type: 0 # 0 vertical / 1 horizontal
indicator: 1 # 0 absolute / 1 relative
measures: absolute wages (high-skill/low-skill)
findings: inequality decreases
channels:
direction: # -1 neg / 0 none / 1 pos
significance: # 0 nsg / 1 msg / 2 sg
notes: only framework-based not on empirical data
annotation: |
A study on the effects of minimum wage on income inequality, taking into account the effects of various kinds of automation within the economy.
The study considers several types of automation, with automation on the extensive margin (automation of more tasks) leading to decreased wage inequality between low-skill and high-skill earners if it results in decreased overall outputs due to wage compression, and vice versa for increased total outputs.
Automation on the intensive margin (increased productivity of automating existing tasks) has ambiguous effects on the employment share of low-skill workers (who are possibly displaced) and a higher minimum wage here decreases the inequality between low-skill wages and higher-skill wages.
However, it may also result in a ripple effect which results in the overall share of income of low-skill workers not increasing, if more machines or high-skill workers displace them.
Then, while the wage differences may decrease, the low-skill workers share of national income is identified as non-increasing and the share of low-skill employment could decrease.
The effects on low-skill income share under a system of minimum wage are thus primarily dependent on the amount of low-skill job displacement, as well as the effects of the minimum wage on overall economic output in the first place.
Ultimately, the author also suggests the institution of low-skill worker training programmes either targeting enhanced productivity for their existing tasks ('deepening skills') or enabling their capability for undertaking tasks previously only assigned to high-skill workers ('expanding skills') which would respectively counteract the negative automation effects on both margins.