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.
- Language
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Englisch
- Bibliographic citation
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Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2021 ; Bonn: Institute of Labor Economics (IZA)
- Classification
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Wirtschaft
Demand and Supply of Labor: General
Labor Demand
- Subject
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labor demand
wages
employee benefits
- Event
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Geistige Schöpfung
- (who)
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Hamermesh, Daniel S.
- Event
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Veröffentlichung
- (who)
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Institute of Labor Economics (IZA)
- (where)
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Bonn
- (when)
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2021
- DOI
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doi:10.15185/izawol.3.v2
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Hamermesh, Daniel S.
- Institute of Labor Economics (IZA)
Time of origin
- 2021
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