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Are there any economists reading this who can comment on the state of research and theory on this matter? (This question also raises the issue of posting a stor
by hackuser 12y ago
Are there any economists reading this who can comment on the state of research and theory on this matter? (This question also raises the issue of posting a story about minimum wage on HN.)
Many here are applying a few concepts from Econ 101, often with surprising confidence in their own analysis. I expect economists have studied these questions extensively.
- pbhjpbhj 12y agohttp://www.uh.edu/~adkugler/Neumark%26Wascher.pdf http://www.uh.edu/~adkugler/Neumark%26Wascher.pdf might be a good place to start, perhaps search for citations of that, to get info. They concluded that for every 10% increase in the min wage the primary effect was -1% to -2% drop in teenage employment rates (in USA).