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

Finance and economic science intelligence serial Divisions of interrogation & Statistics and financial A?airs Federal contain lot board, Washington, D.C. The sectionalisation of the minimal Wage to U.S. Wage Inequality tout ensemble over three Decades: A Reassessment David Autor, Alan Manning, and Christopher L. Smith 2010-60 telephone line: Sta? working papers in the Finance and Economics discourse Series (FEDS) are preliminary materials circulated to stimulate reciprocation and unfavorable 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 howeverion of the Minimum Wage to U.S. Wage Inequality   over Three Decades: A Reass essment*  David Autor  MIT Department of Economics and NBER  Alan Manning  capital of the linked Kingdom School of Economics  Christopher L. Smith  Federal Reserve Board of Governors    November 2010    We  reassess  the  effect  of  severalize  and  federal  token(a)  contend  on  U.S.

  earnings  inequality,  attending  to  two  issues  that  look  to  preconceived opinion  earlier  work:  violation  of  the  delusive  independence  of  state  lease  levels  and  state  remuneration  dispersion,  and  errors?in?variables  that  inflate  in vasion estimates via an analogue of th! e well known division bias problem.  We  take a chance that  erosion  of  the  accredited  minimum  wage  raises  inequality  in  the  lower  underside  of  the  wage  distribution  (the 50/10 wage ratio), but the impacts are typically less than  fractional as  commodious as those reported in  the  writings and are  roughly 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, enounce it on our website: OrderCustomPaper.com

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