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Myth and Measurement
The New Economics of the Minimum Wage - Twentieth-Anniversary Edition
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Gewicht:
612 g
Format:
228x149x30 mm
Beschreibung:
David Card & Alan B. KruegerWith a new preface by the authors
David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990-91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs.