Myth and measurement : the new economics of the minimum wage
Author(s)
Bibliographic Information
Myth and measurement : the new economics of the minimum wage
Princeton University Press, 2016
20th-anniversary ed
- : pbk
Available at 17 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
-
National Graduate Institute for Policy Studies Library (GRIPS Library)
: pbk366.44||C1601410008
Note
"With a new preface by the authors"
Includes bibliographical references (p. xxiv-[xxvi], [401]-413) and index
Description and Table of Contents
Description
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. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs.
Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Table of Contents
Preface to the Twentieth-Anniversary Edition ix Preface xxvii Chapter 1 Introduction and Overview 1 Chapter 2 Employer Responses to the Minimum Wage: Evidence from the Fast-Food Industry 20 Chapter 3 Statewide Evidence on the Effect of the 1988 California Minimum Wage 78 Chapter 4 The Effect of the Federal Minimum Wage on Low-Wage Workers: Evidence from Cross-State Comparisons 113 Chapter 5 Additional Employment Outcomes 152 Chapter 6 Evaluation of Time-Series Evidence 178 Chapter 7 Evaluation of Cross-Section and Panel-Data Evidence 208 Chapter 8 International Evidence 240 Chapter 9 How the Minimum Wage Affects the Distribution of Wages, the Distribution of Family Earnings, and Poverty 276 Chapter 10 How Much Do Employers and Shareholders Lose? 313 Chapter 11 Is There an Explanation? Alternative Models of the Labor Market and the Minimum Wage 355 Chapter 12 Conclusions and Implications 387 References 401 Index 415
by "Nielsen BookData"