Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz and Krueger

David Neumark and William Wascher

No 4570, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In Neumark and Wascher (1992), we present findings supporting the earlier consensus that minimum wages reduce employment for teens and young adults, with elasticities in the range -0.1 to -0.2. In addition, we find that subminimum wages moderate these disemployment effects. Card, Katz and Krueger (1993) criticize numerous aspects of our analysis, and contest our conclusions. This reply presents an assessment of their arguments, as well as additional evidence related to some of the criticisms that they raise. We conclude that the issues raised by Card, et al., upon further examination, do not alter the conclusions from our original paper, and in some cases even reinforce those conclusions.

JEL-codes: J21 J23 (search for similar items in EconPapers)
Date: 1993-12
Note: LS
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Published as "Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws", ILRR, Vol. 46, no. 1 (1992): 55-81.

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