Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage
The Journal of Economic Education, 2001, vol. 32, issue 3, 243-258
The author argues that the recent controversy over the effect of the minimum wage on employment offers an opportunity for teaching introductory economics. Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search models, and to teach students how economists test hypotheses with data.
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