The Migratory Impact of Minimum Wage Legislation: Puerto Rico, 1970–1987

1993 ◽  
Vol 27 (4) ◽  
pp. 772-795
Author(s):  
Carlos E. Santiago
Keyword(s):  
United States ◽  
Puerto Rico ◽  
Minimum Wage ◽  
Labor Migration ◽  
Capital Investment ◽  
The United States ◽  
Multiple Time ◽  
Wage Setting ◽  
Wage Policy ◽  
The Impact

Minimum wage research has historically focused on labor mobility between covered and uncovered labor markets within a geographic area. This study examines the impact of minimum wage setting on labor migration. A multiple time series framework is applied to monthly data for Puerto Rico from 1970–1987. The results show that net emigration from Puerto Rico to the United States fell in response to significant changes in the manner in which minimum wage policy was conducted, particularly after 1974. The extent of commuter type labor migration between Puerto Rico and the United States is influenced by minimum wage policy, with potentially important consequences for human capital investment and long-term standards of living.

Minimum Wages and Racial Inequality*

2020 ◽  
Vol 136 (1) ◽  
pp. 169-228
Author(s):  
Ellora Derenoncourt ◽  
Claire Montialoux
Keyword(s):  
United States ◽  
Civil Rights ◽  
Minimum Wage ◽  
Racial Inequality ◽  
Critical Role ◽  
The United States ◽  
Hourly Wage ◽  
Black Workers ◽  
Wage Policy ◽  
The Impact

Abstract The earnings difference between white and black workers fell dramatically in the United States in the late 1960s and early 1970s. This article shows that the expansion of the minimum wage played a critical role in this decline. The 1966 Fair Labor Standards Act extended federal minimum wage coverage to agriculture, restaurants, nursing homes, and other services that were previously uncovered and where nearly a third of black workers were employed. We digitize over 1,000 hourly wage distributions from Bureau of Labor Statistics industry wage reports and use CPS microdata to investigate the effects of this reform on wages, employment, and racial inequality. Using a cross-industry difference-in-differences design, we show that earnings rose sharply for workers in the newly covered industries. The impact was nearly twice as large for black workers as for white workers. Within treated industries, the racial gap adjusted for observables fell from 25 log points prereform to 0 afterward. We can rule out significant disemployment effects for black workers. Using a bunching design, we find no aggregate effect of the reform on employment. The 1967 extension of the minimum wage can explain more than 20% of the reduction in the racial earnings and income gap during the civil rights era. Our findings shed new light on the dynamics of labor market inequality in the United States and suggest that minimum wage policy can play a critical role in reducing racial economic disparities.

scholarly journals ANALYSIS OF THE IMPACT OF FINTECH DEVELOPMENT ON FOREIGN DIRECT INVESTMENTS

2020 ◽  
Author(s):  
Tetiana Tokhtamysh ◽  
◽  
Oleksandr Yaholnytskyi ◽  
Kateryna Hranko ◽  
◽  
...  
Keyword(s):  
United States ◽  
Venture Capital ◽  
Capital Investment ◽  
Business Models ◽  
Positive Impact ◽  
The United States ◽  
Foreign Direct Investments ◽  
Financial Industry ◽  
The World ◽  
The Impact

The article looks over the degree of implementation of FinTech services in the world. It’s determined that the leading countries in the implementation of FinTech are China, India, and South Africa. Crucial influencing factor is demographic, rather than the widespread demand among the population for modern technology. The penetration rate of these services in the United States, where the largest technology companies in the world are located, was only 46%. The share of service users among the population that actively use digital technologies reaches 33%. Noted that the objects of investment of American banks are startups, programming applications of open interfaces and platforms for third-party developers. European banks also aim to invest actively in the development of FinTech but are still more focus on their own development. It is determined that Asian, Australian and African banks tend to develop technological solutions on their own. According to experts, the number of partnership agreements in the world with FinTech companies will increase each year. The analysis of the regional structure of global investments in FinTech carried out. It showed a positive dynamics of investment during 2014–2019. Increasing the size of global investments is due to the interest of investors in new projects and business models. Venture capital investment priorities coincide with global ones and are related to reviewing, updating, and improving business processes. The amount of venture capital invested in FinTech projects stimulates the development of the financial industry, mainly in China, the United States, the United Kingdom, and Ireland. They account for almost 9 times more investment in FinTech than in other countries. Correlation-regression analysis was applied to investigate the relationship between the level of development of the FinTech market and foreign direct investments. According to the results of calculations, the largest impact on foreign direct investment has the volume of venture investment in FinTech-projects and the FinTech market development rating. This proves the positive impact of FinTech companies on the growth of foreign investments in the country.

scholarly journals Analysis of the Economic Impact of the US Presidential Candidates on the United States and China

2021 ◽  
Vol 6 (1) ◽  
pp. 5
Author(s):  
Pengzhi Yin ◽  
Jiasi Peng
Keyword(s):  
United States ◽  
Coping Strategies ◽  
Economic Impact ◽  
Minimum Wage ◽  
Presidential Election ◽  
The United States ◽  
Energy Technology ◽  
Presidential Candidates ◽  
The Us ◽  
The Impact

The presidential election of art and industry: the contest between Trump and Biden has been staged. They have different tax, minimum wage, energy, technology, trade and other strategies, which will inevitably have an impact on the economy of the United States and China. Our team chose this mathematician modeling project to scientifically evaluate the impact of the new president of the United States on the economy of the two countries, and put forward our coping strategies.

Immigration, Deportation, and Discrimination: Hispanic Political Opinion Since the Election of Donald Trump

2019 ◽  
Vol 41 (2) ◽  
pp. 166-184 ◽  
Author(s):  
Adam Henry Callister ◽  
Quinn Galbraith ◽  
Spencer Galbraith
Keyword(s):  
United States ◽  
Puerto Rico ◽  
The United States ◽  
Influential Factors ◽  
Undocumented Immigrant ◽  
Language Preference ◽  
Donald Trump ◽  
Political Opinion ◽  
Current State ◽  
The Impact

Both the campaign and subsequent election of Donald Trump have brought about marked changes in the overall tone of American political discourse. It is thought that these changes have been particularly disruptive to the public’s view of Hispanic immigration. To evaluate the current state of Hispanic political opinion regarding immigration, this study draws upon data from a survey conducted in January 2018 of 1,080 people of Hispanic descent currently living in the United States or Puerto Rico. Researchers looked at the impact of age, gender, language preference, time lived in the United States, and knowing an undocumented immigrant on participants’ views of immigration. Taking the survey in Spanish and knowing an undocumented immigrant were found to be the most influential factors in determining a favorable view of undocumented immigrants as well as a perceived increase in discrimination toward Hispanics since Trump’s election.

The Effects of Minimum Wages on the Distribution of Changes in Regional Employment in the United States

1979 ◽  
Vol 11 (4) ◽  
pp. 381-392
Author(s):  
J W Mixon ◽  
N D Uri
Keyword(s):  
United States ◽  
Minimum Wage ◽  
Seasonal Cycle ◽  
Work Force ◽  
The United States ◽  
Minimum Wages ◽  
Employment Patterns ◽  
Short Run ◽  
Minimum Wage Legislation ◽  
The Impact

This study investigates the manner in which increases in the minimum wage have altered the distribution of employment and the sensitivity to short-run changes of employment among states in the United States. Further, by focusing on the distribution of employment and on how that distribution changes over the seasonal cycle, estimates of some aspects of the impact of the minimum wage that have not heretofore been analyzed have been developed. The evidence indicates that increases in the minimum wage over the period 1947–1976 have had a significant impact on employment patterns. Minimum-wage legislation has had the effect of decreasing the share of projected employment and increasing vulnerability to cyclical changes in employment for the group of workers most marginal to the work force—low-wage employees.

scholarly journals Paediatric cardiovascular clinical trials: an analysis of ClinicalTrials.gov and the Food and Drug Administration Pediatric Drug Labeling Database

2015 ◽  
Vol 25 (S2) ◽  
pp. 172-180 ◽  
Author(s):  
Kevin D. Hill ◽  
Heather T. Henderson ◽  
Christoph P. Hornik ◽  
Jennifer S. Li
Keyword(s):  
United States ◽  
Clinical Trials ◽  
Optimal Design ◽  
Drug Administration ◽  
United States Of America ◽  
Capital Investment ◽  
Food And Drug Administration ◽  
The United States ◽  
Pediatric Drug ◽  
The Impact

AbstractRecent regulatory initiatives in the United States of America and Europe have transformed the paediatric clinical trials landscape by significantly increasing capital investment and paediatric trial volume. The purpose of this manuscript was to review the impact of these initiatives on the paediatric cardiovascular trials landscape when compared with other paediatric sub-specialties. We also evaluate factors that may have contributed to the success or failure of recent major paediatric cardiovascular trials so as to inform the optimal design and conduct of future trials in the field.

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