Saturday, March 21, 2026

Economists Debate the Effect of Minimum Wage

The 30-Year Debate Over the Minimum Wage Is Still Not Settled
https://www.wsj.com/economy/jobs/minimum-wage-jobs-cost-debate-card-krueger-63b21af2
A 1994 paper blew up the consensus that minimum-wage increases kill jobs. Economists have been at each other’s throats ever since. 


Clemens, Jeffrey. 2021. "How Do Firms Respond to Minimum Wage Increases? Understanding the Relevance of Non-employment Margins." Journal of Economic Perspectives 35 (1): 51–72.
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.35.1.51
 
Lindner, Attila; Dube, Arindrajit; (2024) Minimum Wages in the 21st Century. In: Dustmann, Christian and Lemieux, Thomas, (eds.) Handbook of Labor Economics. (pp. 261-383). Elsevier
https://www.nber.org/papers/w32878
 
Bassier, Ihsaan, Arindrajit Dube, and Suresh Naidu. 2022. "Monopsony in Movers: The Elasticity of Labor Supply to Firm Wage Policies." Journal of Human Resources, 57(S), S50-S86.


Dube, Arindrajit, and Attila Lindner. 2021. "City Limits: What Do Local-Area Minimum Wages Do?Journal of Economic Perspectives, 35 (1): 27–50.
https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.35.1.27

The Effects of Minimum Wages on (Almost) Everything? A Review of Recent Evidence on Health and Related Behaviors
https://www.nber.org/papers/w31191  

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