Search Results
Journal Article
A higher minimum wage- a mistake waiting to happen
Journal Article
The minimum wage and the labor market
New models of employment show that there are some cases in which a minimum wage can have positive effects on employment and social welfare. The effects depend ultimately on the prevailing market wage and the frictions in the market. Evidence to date does not support the view that raising the minimum wage will lead to positive employment effects.
Working Paper
The effect of the minimum wage on hours of work
Newsletter
How Much Did the Minimum Wage Drive Real Wage Growth During the Late 2010s?
For much of the recent expansion, real wage growth was surprisingly sluggish, by some measures never reaching its pace prior to the 2008 financial crisis, despite tight labor markets that drove the unemployment rate to 3.5%. However, on average, the lowest-earning workers fared substantially better, consistently experiencing real wage growth of 6% or more for much of the late 2010s, a pace well above the previous two decades.
Journal Article
Are minimum wages intrusive?
Working Paper
Did Racially Motivated Labor Policy Reverse Equality Gains for Everyone?
Labor protection policies in the 1950s and 1960s helped many low- and middle-wage white workers in the United States achieve the American Dream. This coincided with historically low levels of inequality across income deciles. After the Civil Rights Act of 1964, policies that had previously helped build the white middle class reversed, especially in states with a larger Black population. Calibrating a labor search model to match minimum wages, unemployment benefits, and bargaining power before and after the Civil Rights Act, I find declining labor protections explain half of the rise in 90/10 ...
Journal Article
Seeking Common Ground Through E-Mail (And Finding Our Hardheaded Hearts)
Remarks by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas, before the Federal Reserve Bank of Dallas conference "New Roads and E-Roads: Market Innovations in Community Development," Dallas, August 24, 2001.
Journal Article
Minimum wage as price support
Journal Article
Minimum wage rate
Journal Article
A minimum wager
Will a rising wage floor lift all workers, or put too many in the unemployment line?