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Welfare Effects of Minimum Wage and Other Government Policies

Amos Golan (), Jeffrey Perloff and Ximing Wu

No 25123, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: The minimum wage, unlike most government transfer programs, lowered welfare in the 1980s and 1990s as measured by all commonly used welfare or inequality measures, including various Atkinson indexes, the Gini index, standard deviation of logarithms, and others. The effects of most government programs, macroeconomic variables, and aggregate demographic characteristics were qualitatively the same for all the inequality measures.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Date: 2001
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Working Paper: Welfare Effects of Minimum Wage and Other Government Policies (2001) Downloads
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