Minimum Wages and Poverty

Research, Preprint OPEN
Addison, John T.; Blackburn, McKinley L.;
  • Publisher: Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
  • Subject: Armutspolitik | Wirtschaftspolitische Wirkungsanalyse | USA | 330 Wirtschaft | Mindestlohn | Minimum wage, poverty, unemployment, Food Security and Poverty, Labor and Human Capital, D6, I32, J3, J64, | J38
    • ddc: ddc:330
      jel: jel:J38

Textbook analysis tells us that in a competitive labor market, the introduction of a minimum wage above the competitive equilibrium wage will cause unemployment. This paper makes two contributions to the basic theory of the minimum wage. First, we analyze the effects of... View more
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