Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz and Krueger / David Neumark, William Wascher.

Format:

Book

Author/Creator:

Neumark, David.

Contributor:

National Bureau of Economic Research.

Wascher, William.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4570.

NBER working paper series no. w4570

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Employment Effects of Minimum and Subminimum Wages

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Summary:

In Neumark and Wascher (1992), we present findings supporting the earlier consensus that minimum wages reduce employment for teens and young adults, with elasticities in the range -0.1 to -0.2. In addition, we find that subminimum wages moderate these disemployment effects. Card, Katz and Krueger (1993) criticize numerous aspects of our analysis, and contest our conclusions. This reply presents an assessment of their arguments, as well as additional evidence related to some of the criticisms that they raise. We conclude that the issues raised by Card, et al., upon further examination, do not alter the conclusions from our original paper, and in some cases even reinforce those conclusions.

Notes:

Print version record

December 1993.