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Linked to at Marginal Revolution https://marginalrevolution.com/marginalrevolution/2023/06/wednesday-assorted-links-405.html https://marginalrevolution.com/marg
by Bostonian 3y ago
Linked to at Marginal Revolution https://marginalrevolution.com/marginalrevolution/2023/06/wednesday-assorted-links-405.html https://marginalrevolution.com/marginalrevolution/2023/06/we..., where Tyler Cowen says "the results on this question are swinging back in the neoclassical direction." Quoting the paper,
"Municipalities that increased minimum wages by up to $2.50 per hour from 2013 to
2018 saw an average increase of 14 percent in homeless counts in the years 2014 to 2019 relative to municipalities with no nominal change in the minimum wage (real decline) or with changes pegged to inflation (real no change). Municipalities that increased minimum wages by more than $2.50 per hour from 2013 to 2018 saw an average increase of 23 percent in homeless counts in the years 2014 to 2019 relative to municipalities with no change. A dynamic version of this analysis suggests the increase in homeless counts increases as time passes."