publication . Other literature type . Report . Article . Research . 2019

Minimum Wages and the Distribution of Family Incomes

Dube, Arindrajit;
  • Published: 01 Oct 2019
  • Publisher: American Economic Association
Abstract
Using the March Current Population Survey data from 1984 to 2013, I provide a comprehensive evaluation of how minimum wage policies influence the distribution of family incomes. I find robust evidence that higher minimum wages shift down the cumulative distribution of family incomes at the bottom, reducing the share of non-elderly individuals with incomes below 50, 75, 100, and 125 percent of the federal poverty threshold. The long run (3 or more years) minimum wage elasticity of the non-elderly poverty rate with respect to the minimum wage ranges between -0.22 and -0.55 across alternative specifications that subsume most of the approaches used in the literature...
Subjects
free text keywords: J38, J88, D31, minimum wages, income inequality, General Economics, Econometrics and Finance, Poverty threshold, Poverty, Economics, Quantile, Public assistance, Tax credit, Cumulative distribution function, Labour economics, Minimum wage, Economic inequality, ddc:330
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