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Thinking about Minimum Wage Increases in Alberta : Theoretically, Empirically, and Regionally

Author: Joseph Marchand; Canadian Electronic Library (Firm)
Publisher: Edmonton, AB, CA : University of Alberta Department of Economics, 2016.
Series: DesLibris., Working Paper., Documents collection. ;, 2016-05.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The province of Alberta has recently committed to a $15 minimum wage by 2018, from an initial rate of $10.20 in 2014. The following thoughts offer a way to more broadly think about minimum wage increases in Alberta. In doing so, I answer three proposed questions regarding the relative magnitude and time horizon of these increases, the general theoretical framework and empirical evidence of minimum wages, and he  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Joseph Marchand; Canadian Electronic Library (Firm)
OCLC Number: 1001213465
Notes: Issued as part of the desLibris documents collection.
Description: 1 online resource (20 pages).
Details: Mode of access: World Wide Web.
Series Title: DesLibris., Working Paper., Documents collection. ;, 2016-05.
Responsibility: Joseph Marchand.
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Abstract:

The province of Alberta has recently committed to a $15 minimum wage by 2018, from an initial rate of $10.20 in 2014. The following thoughts offer a way to more broadly think about minimum wage increases in Alberta. In doing so, I answer three proposed questions regarding the relative magnitude and time horizon of these increases, the general theoretical framework and empirical evidence of minimum wages, and he cyclical boom and bust of the regional economy that makes its labor markets unique. In the end, I argue that the pairing of labor demand stimulus with increases to the minimum wage is the most balanced way forward for Alberta, and this can best be achieved by timing future increases with rising energy prices.

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