Related Research Articles
James Joseph Heckman is a Nobel Prize winning American economist who is currently at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Professor at the Harris School of Public Policy; Director of the Center for the Economics of Human Development (CEHD); and Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group. He is also Professor of Law at the Law School, a senior research fellow at the American Bar Foundation, and a research associate at the National Bureau of Economic Research. In 2000, Heckman shared the Nobel Memorial Prize in Economic Sciences with Daniel McFadden, for his pioneering work in econometrics and microeconomics. As of December 2020, according to RePEc, he is the second most influential economist in the world.
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions.
Robert Merton Solow, GCIH is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology, where he has been a professor since 1949. He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond and William Nordhaus later received Nobel Memorial Prizes in Economic Sciences in their own right.
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as minimum wage, prevailing wage, and yearly bonuses, and remunerative payments such as prizes and tip payouts.
A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers to a biological minimum. Needs are defined to include food, housing, and other essential needs such as clothing. The goal of a living wage is to allow a worker to afford a basic but decent standard of living through employment without government subsidies. Due to the flexible nature of the term "needs", there is not one universally accepted measure of what a living wage is and as such it varies by location and household type. A related concept is that of a family wage – one sufficient to not only support oneself, but also to raise a family.
Edmund Strother Phelps is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences.
Kenneth Saul Rogoff is an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and professor of economics at Harvard University.
Kamer Daron Acemoğlu is a Turkish-born American economist who has taught at the Massachusetts Institute of Technology (MIT) since 1993. He is currently the Elizabeth and James Killian Professor of Economics at MIT. He was named Institute Professor in 2019.
Carroll Davidson Wright was an American statistician. Wright is best known for his title as the first U.S. Commissioner of Labor, serving in that capacity from 1885 to 1905.
David Edward Card is a Canadian-American labour economist and professor of economics at the University of California, Berkeley. He was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences "for his empirical contributions to labour economics", with Joshua Angrist and Guido Imbens jointly awarded the other half.
Stephen Alvin Resnick was an American heterodox economist. He was well known for his work on Marxian economics, economic methodology, and class analysis. His work, along with that of Wolff, is especially associated with a post-Marxist and post-Althusserian perspective on political economy.
Samuel Stebbins Bowles, is an American economist and Professor Emeritus at the University of Massachusetts Amherst, where he continues to teach courses on microeconomics and the theory of institutions. His work belongs to the neo-Marxian tradition of economic thought. However, his perspective on economics is eclectic and draws on various schools of thought, including what he and others refer to as post-Walrasian economics.
Robert Pollin is an American economist. He is a professor of economics at the University of Massachusetts Amherst and founding co-director of its Political Economy Research Institute (PERI). He has been described as a leftist economist and is a supporter of egalitarianism.
New Labor Forum is a national labor journal of debate, analysis and new ideas. New Labor Forum is published by the CUNY Joseph S. Murphy Institute and SAGE Press, three times a year, in January, May, and September. Founded in 1997, the journal provides a place for labor and its allies to consider vital research, debate strategy, and test new ideas.
The minimum wage in the United States is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour. Its purchasing power peaked in 1968, at $1.60. Since 2009, it has been $7.25 per hour.
Paul W. Mark is an American politician serving as a Democratic member of the Massachusetts House of Representatives. He represents the 2nd Berkshire District, which includes sixteen cities and towns throughout Berkshire and Franklin counties.
The Political Economy Research Institute (PERI) is an independent research unit at the University of Massachusetts Amherst. According to its mission statement, it "...promotes human and ecological well-being through our original research". PERI was established in 1998 by co-directors Robert Pollin and Gerald Epstein. Funding for its foundation came from Pollin and his father, Abe Pollin.
The Fight for $15 is an American political movement advocating for the minimum wage to be raised to USD$15 per hour. The federal minimum wage was last set at $7.25 per hour in 2009. The movement has involved strikes by child care, home healthcare, airport, gas station, convenience store, and fast food workers for increased wages and the right to form a labor union. The "Fight for $15" movement started in 2012, in response to workers' inability to cover their costs on such a low salary, as well as the stressful work conditions of many of the service jobs which pay the minimum wage.
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. Because one does not necessarily have to be politically Marxist to be economically Marxian, the two adjectives coexist in usage, rather than being synonymous: They share a semantic field, while also allowing both connotative and denotative differences.
Arindrajit (Arin) Dube is a professor of economics at the University of Massachusetts Amherst, known internationally for his empirical research on the effects of minimum wage policies. He is among the foremost scholars regarding the economic impact of minimum wages. In 2019, he was asked by the UK Treasury to conduct a review of the evidence on the impact of minimum wages, which informed the decision to set the level of the National Living Wage. His work is focused on the economics of the labor market, including the role of imperfect competition, institutions, norms, and behavioral factors that affect wage setting and jobs.
References
- ↑ "Mark Brenner | Labor Education & Research Center". lerc.uoregon.edu. Retrieved July 1, 2021.
- 1 2 Short biography of Mark D. Brenner Policy Innovations (September 22, 2006) Retrieved January 11, 2011
- ↑ Interview with Mark D. Brenner Archived 2008-09-05 at the Wayback Machine Political Economy Research Institute, University of Massachusetts Amherst. Retrieved January 11, 2011
- 1 2 Book description and review Cornell University Press. Retrieved January 11, 2011
- ↑ Listing National Library of Australia. ISBN 9529520859 Retrieved January 11, 2011
- ↑ Abstract The Berkeley Electronic Press (2002) Retrieved January 11, 2011
- ↑ Book review Danny Yee's Book Reviews (May 2005) ISBN 978-0731536955 Retrieved January 11, 2011
- ↑ Working paper abstract University of Massachusetts Amherst (2004) Retrieved January 11, 2011
- ↑ Living Wage Laws in Practice (PDF) Policy Economics Research Institute, University of Massachusetts, Amherst, MA (2005) ISBN 0-9768594-0-8 Retrieved January 11, 2011
| General | |
|---|---|
| National libraries | |
| Other | |
