Minimum Wages, Efficiency, and Welfare

17 Feb 2025 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, econometerics, labour economics, labour supply, minimum wage

Recently Alex raised some doubts, to say the least, about the Card-Krueger view of minimum wage hikes.  Well, it turns out there is more, and a new consensus is on the verge of forming.  Here are David Berger, Kyle Herkenhoff, and Simon Mongey, from a new Econometrica piece: Many argue that minimum wages can prevent efficiency […]

Minimum Wages, Efficiency, and Welfare

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