Myth and measurement
Subtitle: the new economics of the minimum wage
By: David Card and Alan B. Krueger
Contributors: Krueger, Alan B.
Edition: Twentieth-anniversary edition.
Published: 2016
Language: eng
Number of pages: 422
ISBN-13: 9780691169125
Subjects: Labor market; Minimum wage; Employment (Economic theory)
Description: "In Myth and Measurement, David Card and Alan Krueger presented a powerful challenge to the conventional view that higher minimum wages necessarily reduce jobs for low-wage workers. In a work that has profoundly influenced public policy as well as the direction of economic research, the authors put standard economic theory to the test, using empirical methods and conducting a critical reexamination of existing literature on the minimum wage. Documenting the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers, they presented a wealth of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage"--Back cover.
Notes: "With a new preface by the authors."

Originally published: Princeton, N.J. : Princeton University Press, 1995.

Includes bibliographical references (pages 401-413) and index.
Table of contents: title: Introduction and overview; title: Employer responses to the minimum wage: evidence fom the fast-food industry; title: Statewide evidence on the effect of the 1988 California minimum wage; title: The effect of the federal minimum wage on low-wage workers: evidence from cross-state comparisons; title: Additional employment outcomes; title: Evaluation of time-series evidence; title: Evaluation of cross-section and panel-data evidence; title: International evidence; title: How the minimum wage affects the distribution of wages, the ditribution of family earnings, and poverty; title: How much do employers and shareholders lose?; title: Is there a explanation? Alternative models of the labor market and the minimum wage; title: Conclusions and implications.