Reconciling the Evidence of Employment Effects of Minimum Wages: A Review of Our Research Findings

Posted: 9 Jul 1998

See all articles by David Neumark

David Neumark

University of California, Irvine - Department of Economics; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

William Wascher

Board of Governors of the Federal Reserve System

Date Written: December 14, 1995

Abstract

In this paper, we review the evidence that we have accumulated on the employment effects of minimum wages. We point out specific areas of agreement and disagreement between our research and that of others, and where possible, offer our reconciliation of the conflicting results. Our conclusion is that the revisionist view that minimum wages do not reduce employment is not compelling, and that much of the conflicting evidence can be reconciled with the competitive view of minimum wages and low-wage labor markets.

JEL Classification: J23, J38

Suggested Citation

Neumark, David and Wascher, William, Reconciling the Evidence of Employment Effects of Minimum Wages: A Review of Our Research Findings (December 14, 1995 ). Available at SSRN: https://ssrn.com/abstract=7146

David Neumark

University of California, Irvine - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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IZA Institute of Labor Economics

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William Wascher (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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