Dale Belman and Paul J. Wolfson: What Does the Minimum Wage Do?
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This comprehensive review of research about the minimum wage examines over 200 empirical studies, most of which were published after 2000. The research surveyed primarily focuses on the effect of the minimum wage in the United States but does provide a review of studies focusing on other developed countries. The text is well organized into sections covering micro and macro issues separately, with individual chapters in the sections covering a single topic. Each chapter includes a summary of the studies’ findings about the impact of the minimum wage on key measurable economic variables, how long it takes for these impacts to be felt, why the minimum wage has such impacts, and which workers are mostly likely to be affected.
The authors provide a review of not only the results of each study, but also the methodological differences. While this text does not thoroughly discuss the methodologies of each study, it provides a brief summary of the different methodologies used, and would point...