Beyond covering previously sparse treatments of issues such as effects on prices, inflation, profits, and inequality, Neumark and Wascher demonstrate the overwhelming weight and detrimental effects of minimum wages on low-skilled workers. The volume is a must for anyone interested in research on labor markets.(Daniel Hamermesh, Centennial Professor of Economics, University of Texas at Austin)
Over the past 20 years, the focus of research on the minimum wage has changed from federal to state minimum wages as the key policy variable, and from effects on teen employment to a broader range of outcomes. David Neumark and William Wascher have been important contributors to these innovations. Minimum Wages combines a very accessible summary of their research with helpful discussions of others' work.(Charles Brown, Professor of Economics, University of Michigan)
This is a superb book, notable for both breadth and depth of coverage, on one of the most fundamental topics in economics...Summing Up: Essential. Economics collections, upper-division undergraduate through professional.(Choice)
David Neumark is Professor of Economics at the University of California, Irvine. He is also a Research Associate at the National Bureau of Economic Research, a Senior Fellow at the Public Policy Institute of California, and a Research Fellow at the Institute for the Study of Labor.
William L. Wascher is Senior Associate Director in the Division of Research and Statistics at the Federal Reserve Board.
The minimum wage is a controversial topic politically and within the academic community. We'd all like to help people in poverty but there are unintended consequences from a... Read morePublished 15 months ago by SueDonym
Very thorough analysis of various impacts of minimum wage. Some perhaps surprising results put the issue in a broader perspective than more widely available.Published 18 months ago by Phineas R. Fiske