Reconciling the Evidence of Employment Effects of Minimum Wages: A Review of Our Research Findings
Posted: 9 Jul 1998
Date Written: December 14, 1995
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: Suggested Citation