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Federal Reserve Bank of Cleveland
Economic Commentary
Will increasing the minimum wage help the poor?
David Neumark
Mark E. Schweitzer
William L. Wascher
Abstract

Minimum wages help some families to escape poverty, but employment losses associated with raising the minimum also appear to cause some families to fall into poverty. The authors' estimates suggest that on balance, the second of these effects outweighs the first; therefore, the net result of raising the minimum wage is an increase in the proportion of poor families.


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David Neumark & Mark E. Schweitzer & William L. Wascher, "Will increasing the minimum wage help the poor?" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Feb, 1999.
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Keywords: Minimum wage ; Employment (Economic theory)
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