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Monograph
The minimum wage: a perspective
Originally appeared in the Federal Reserve Bank of New York Quarterly Review, Autumn 1978
Speech
Summary of the Report on the Competitiveness of Puerto Rico's Economy
Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Journal Article
The minimum wage debate: always off course
Journal Article
A minimum wager
Will a rising wage floor lift all workers, or put too many in the unemployment line?
Journal Article
The minimum wage
Journal Article
Are minimum wages intrusive?
Working Paper
The consumption response to minimum wage increases
This paper presents evidence that spending increases more than income, and thus debt rises, in households with minimum wage workers following a minimum wage hike. Furthermore, we show that the size, timing, persistence, and composition of spending is inconsistent with the basic certainty equivalent life cycle model. However, our findings are consistent with a model where households can borrow against part of the value of their durable goods. ; Preliminary and incomplete.
Journal Article
Higher minimum wage looms large in Texas
The rising minimum wage has important implications for Texas, which unlike other big states sets its minimum wage equal to the federal one.
Journal Article
Distribution and employment impacts of raising the minimum wage