Myth and Measurement¶
Card, D., & Krueger, A. B. (1995). Myth and Measurement: The New Economics of the Minimum Wage. Princeton University Press.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Distributional Effects
- The per-unit effect function is sharply non-uniform and bidirectional: workers who keep their jobs at the higher wage gain, while marginal workers in low-margin firms may lose hours or jobs, and the direction is keyed to identifiable properties (skill, local labor-market tightness) — the prime's structural-heterogeneity invariant.
This sourceAnalyzes the heterogeneous, bidirectional employment and earnings effects of minimum-wage increases concealed by aggregate averages. (Print monograph, ISBN 0-691-04823-1.)
- The per-unit effect function is sharply non-uniform and bidirectional: workers who keep their jobs at the higher wage gain, while marginal workers in low-margin firms may lose hours or jobs, and the direction is keyed to identifiable properties (skill, local labor-market tightness) — the prime's structural-heterogeneity invariant.
Verification¶
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