Annotated Bibliograpgy Example - The Impact of Minimum Wage: Insights from Recent Studies

Cengiz, Doruk, et al. "The Effect of Minimum Wages on Low-Wage Jobs." The Quarterly Journal of Economics, 2019, doi:10.1093/qje/qjz014.

In "The Effect of Minimum Wages on Low-Wage Jobs," Cengiz et al. estimated the impact of minimum wages on low-wage jobs. The study entailed about 130 state-level minimum wage changes in the United States from 1979 to 2016. With the use of a different approach, the study estimated the increase in minimum while distributing the wages. The study's findings revealed that low-wage jobs have been unchanged for more than five years. The new wage spillovers have amplified the minimum wage's direct effect on the distribution of wages. The estimate was detailed by the demographic groups, which revealed a reduction in job loss does not depend on labor substitution. Also, there is a lack of evidence on dis-employment while considering the minimum wage level. This source is credible as it is published in a peer-reviewed article with its topic discussing the current issues. The source is also effective as it entails a stipulated time frame with a significant collection of valid data.

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Wascher, William. "Minimum Wages." International Encyclopedia of the Social & Behavioral Sciences: Second Edition, 2015, doi:10.1016/B978-0-08-097086-8.94038-8.

Wascher analyzed the minimum wage policy based on the advanced and emerging market economies to support low-wage workers' wages while increasing the poor's income. The study revealed that the efficacy of minimum wages as a policy tool is controversial. Although minimum wages increase the salaries of low-skilled workers, they can reduce employment opportunities while increasing the price of goods and services produced by low-wage labor. The source is effective as it is unbiased and is backed up with evidence on minimum wage. It is also credible as it is more than three pages with an abstract, a reference list, and well-documented data.

Zavodny, Madeline. "The Effect of the Minimum Wage on Employment and Hours." Labor Economics, 2000, doi:10.1016/S0927-5371(00)00021-X.

In the study "The Effect of the Minimum Wage on Employment and Hours," Zavodny examined the effect of increasing the wage on teen working hours. The study results revealed that increasing the minimum wage may lower employment rates but have no impact on the working teens' hours. The individual-level results indicated that the minimum wage increases negatively affect the operating hours. The results suggested that low-wage teens might remain unemployed, especially after raising the minimum wage. The source is credible as it provides information with original findings specific to the general public on the minimum wage.

Works Cited

Cengiz, Doruk, et al. "The Effect of Minimum Wages on Low-Wage Jobs." The Quarterly Journal of Economics, 2019, doi:10.1093/qje/qjz014.

Wascher, William. "Minimum Wages." International Encyclopedia of the Social & Behavioral Sciences: Second Edition, 2015, doi:10.1016/B978-0-08-097086-8.94038-8.

Zavodny, Madeline. "The Effect of the Minimum Wage on Employment and Hours." Labour Economics, 2000, doi:10.1016/S0927-5371(00)00021-X.