Artikel
Do labor costs affect companies' demand for labor?
Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. The minimum wage, overtime pay, payroll taxes, and hiring subsidies are just a few of the policies that affect labor costs. Policies that increase labor costs can substantially affect both employment and hours, in individual companies as well as in the overall economy.
- Sprache
-
Englisch
- Erschienen in
-
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2021 ; Bonn: Institute of Labor Economics (IZA)
- Klassifikation
-
Wirtschaft
Demand and Supply of Labor: General
Labor Demand
- Thema
-
labor demand
wages
employee benefits
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hamermesh, Daniel S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2021
- DOI
-
doi:10.15185/izawol.3.v2
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Hamermesh, Daniel S.
- Institute of Labor Economics (IZA)
Entstanden
- 2021
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