Abstract
Arindrajit Dube of University of Massachusetts Amherst reviews “Minimum Wages” by David Neumark and William L. Wascher. The EconLit Abstract of the reviewed work begins “Presents an overview of the evidence on the economic effects of minimum wages. Discusses the history of the minimum wage in the United States; the effects of minimum wages on employment; minimum wage effects on the distribution of wages and earnings; the effects of minimum wages on the distribution of incomes; the effects of minimum wages on skills; the effects of minimum wages on prices and profits; and the political economy of minimum wages. Neumark is Professor of Economics at the University of California, Irvine. Wascher is Associate Director in the Division of Research and Statistics at the Federal Reserve Board. Index.”
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