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Myth and Measurement

David Card, Alan B. Krueger




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 | #2063841 in Books |  Princeton University Press |  1995-02-17 | Ingredients: Example Ingredients | Original language:English | PDF # 1 |  9.50 x6.75 x1.50l, | File type: PDF | 432 pages

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||6 of 12 people found the following review helpful.| Paradigm Shift|By Rufus Burgess|"Myth and Measurement: The New Economics of the Minimum Wage" is a comprehensive examination of the theoretical foundation and empirical evidence of minimum wage policy. The book consists of: New cross-sectional research, an examination of past research, further analysis of distributional issues, and a new theory of the minimum wage. The book| |"The Card-Krueger work is essentially correct: the minimum wage at levels observed in the United States has had little or no effect on employment. At the minimum, the book has changed the burden of proof in debates over the minimum, from those who stressed the


David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including ...

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