publication . Preprint . Article . Other literature type . Report . 1997

Do Minimum Wages Fight Poverty?

David Neumark; William Wascher;
Open Access
  • Published: 01 Aug 1997
Abstract
The primary goal of a national minimum wage floor is to raise the incomes of poor or near-poor families with members in the work force. However, estimates of employment effects of minimum wages tell us little about whether minimum wages are can achieve this goal; even if the disemployment effects of minimum wages are modest, minimum wage increases could result in net income losses for poor families. We present evidence on the effects of minimum wages on family incomes from matched March CPS surveys, focusing on the effectiveness of minimum wages in reducing poverty. The results show that over a one-to-two year period, minimum wages increase both the probability ...
Subjects
Medical Subject Headings: health care economics and organizations
free text keywords: jel:J38, jel:K3, Poverty, Demographic economics, Economics, Redistribution of income and wealth, Minimum wage, Microeconomics, Equity (finance), Labour economics, Net income, Work force
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