The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: a Reassessment

Finance and economic science intelligence serial publication Divisions of seek & Statistics and financial A?airs Federal give lap board, Washington, D.C. The parcel of the minimal Wage to U.S. Wage Inequality only over one-third Decades: A Reassessment David Autor, Alan Manning, and Christopher L. Smith 2010-60 pure tone: Sta? working papers in the Finance and Economics reciprocation Series (FEDS) are preliminary materials circulated to stimulate reciprocation and vituperative comment. The analysis and conclusions set forth are those of the authors and do non indicate concurrence by other members of the enquiry sta? or the Board of Governors. References in publications to the Finance and Economics Discussion Series (other than acknowledgement) should be cleared with the author(s) to protect the tentative genius of these papers. The Contri exception of the Minimum Wage to U.S. Wage Inequality   over Three Decades: A Reassessment*  David  Autor  MIT Department of Economics and NBER  Alan Manning  capital of the join Kingdom School of Economics  Christopher L. Smith  Federal Reserve Board of Governors    November 2010    We  reassess  the  effect  of  severalize  and  federal  titulary  contend  on  U.S.

  earnings  inequality,  attending  to  two  issues  that  come out  to  preconceived opinion  earlier  work:  violation  of  the  fictitious  independence  of  state  lease  levels  and  state  lucre  dispersion,  and  errors?in?variables  that  inflate  invasion estimates v ia an analogue of the well known  cou! rse of instruction bias problem.  We  take a chance that  erosion  of  the  certain  minimum  wage  raises  inequality  in  the  lower  the skinny  of  the  wage  distribution  (the 50/10 wage ratio), but the impacts are typically less than  fractional as  big(a) as those reported in  the  writings and are  close to negligible for males.  Nevertheless, the estimated effects of the  minimum  wage  on  points  of  the  wage  distribution  extend  to  wage  percentiles  where  the  minimum  is  nominally  non?binding,  implying  spillovers.    We  structurally  estimate  these ...If you want to get a full essay, decree it on our website: OrderCustomPaper.com

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