A new evaluation of impacts of prevailing wage law repeal

Article Abstract:

A recent academic study claims that repeal of the Davis-Bacon Act, the federal prevailing wage law covering construction of public works, would cost more in lost taxes than could be recovered in lower construction expenditures and would also result in an increased number of construction injuries and deaths. Those claims are not supported by the facts. Indeed, the opposite is true. The fact support savings to the federal government from repeal of Davis-Bacon in excess of $1.5 billion annually, and if, anything, a lower rather than a higher frequency of construction injuries. Furthermore, states still having prevailing wage laws would also realize significant savings from repeal. Aggregate savings from eliminating all prevailing wage laws could exceed $4 billion a year. (Reprinted by permission of the publisher.)

Construction, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Wages & Hours Regulation, Construction industry, Compensation and benefits, Labor law

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Compliance with ERISA's disclosure provisions

Article Abstract:

A sample of large employee-benefit plan sponsors revealed that while respondents each paid plan consultants about $769,000 per year to help them comply with the Employee Retirement Income Security Act of 1974 (ERISA), more than half did not comply with selected provisions of the law. Across the sample, differential levels of spending on compliance were not associated with the likelihood of compliance. Rather, benefit directors' human capital as measured by years of experience, along with government audits, were the chief determinants of compliance. The presence of unions did not contribute to compliance with ERISA in the single employer plans studied herein, possibly because industrial unions, like plan sponsors, face information blockages. (Reprinted by permission of the publisher.)

Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Income Security, Domestic economic assistance, Retirement income

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The effects of Davis-Bacon on labor cost and union wages

Article Abstract:

Two issues concerning the Davis-Bacon Act on 'prevailing' wages in construction are discussed: the effect of the Act on wage distribution, and its effect on union and nonunion wages. A consequence of the Act has been an increase in the average wage in covered construction work; the nature of the wage distribution affects the magnitude of this effect. The Act appears to have an overall positive effect on wages for both union and nonunion workers.

Management, Economic aspects, Economic policy, Labor policy, Collective bargaining, Wage payment systems, Labor unions, Bills, Legislative, Legislative bills, Pay structure

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