How Effective Is the Minimum Wage at Supporting the Poor?

• 成果类型: Article
• 署名作者: MaCurdy, Thomas
• 署名单位: Stanford University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/679626
• 发表日期: 2015
• 页码: 497-545
• 关键词: fast-food industry; INTERNATIONAL-TRADE; new-jersey; EMPLOYMENT; prices; LAWS; unemployment; pennsylvania; california; MODEL

摘要

This study investigates the antipoverty efficacy of minimum wage policies. Proponents of these policies contend that employment impacts are negligible and suggest that consumers pay for higher labor costs through imperceptible increases in goods prices. Adopting this empirical scenario, the analysis demonstrates that an increase in the national minimum wage produces a value-added tax effect on consumer prices that is more regressive than a typical state sales tax and allocates benefits as higher earnings nearly evenly across the income distribution. These income-transfer outcomes sharply contradict portraying an increase in the minimum wage as an antipoverty initiative.