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Minimum Wages
     

Minimum Wages

by David Neumark, William L. Wascher
 

ISBN-10: 0262515083

ISBN-13: 9780262515085

Pub. Date: 08/13/2010

Publisher: MIT Press

Over the years, the minimum wage has been popular with the public, controversial in the political arena, and the subject of vigorous debate among economists over its costs and benefits. In this book, David Neumark and William Wascher offer a comprehensive overview of the evidence on the economic effects of minimum wages. Synthesizing nearly two decades of their own

Overview

Over the years, the minimum wage has been popular with the public, controversial in the political arena, and the subject of vigorous debate among economists over its costs and benefits. In this book, David Neumark and William Wascher offer a comprehensive overview of the evidence on the economic effects of minimum wages. Synthesizing nearly two decades of their own research and reviewing other research that touches on the same questions, Neumark and Wascher discuss the effects of minimum wages on employment and hours, the acquisition of skills, the wage and income distributions, longer-term labor market outcomes, prices, and the aggregate economy. Arguing that the usual focus on employment effects is too limiting, they present a broader, empirically based inquiry that will better inform policymakers about the costs and benefits of the minimum wage.

Based on their comprehensive reading of the evidence, Neumark and Wascher argue that minimum wages do not achieve the main goals set forth by their supporters. The authors argue that policymakers should instead look for other tools to raise the wages of low-skill workers and to provide poor families with an acceptable standard of living.

Product Details

ISBN-13:
9780262515085
Publisher:
MIT Press
Publication date:
08/13/2010
Pages:
392
Sales rank:
928,975
Product dimensions:
6.00(w) x 8.90(h) x 0.80(d)
Age Range:
18 Years

Table of Contents

Acknowledgments ix

1 Introduction 1

2 The History of the Minimum Wage in the United States 9

3 The Effects of Minimum Wages on Employment 37

4 Minimum Wage Effects on the Distribution of Wages and Earnings 107

5 The Effects of Minimum Wages on the Distribution of Incomes 141

6 The Effects of Minimum Wages on Skills 191

7 The Effects of Minimum Wages on Prices and Profits 225

8 The Political Economy of Minimum Wages 249

9 Summary and Conclusions 285

Notes 297

References 335

Index 359

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