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

Finance and economic cognition intelligence Series Divisions of query & Statistics and financial A? expose federal official Reserve rophy board, Washington, D.C. The Contribution of the minimal lucre to U.S. net Inequality completely everyplace Three Decades: A revue David Autor, Alan Manning, and Christopher L. Smith 2010-60 NOTE: Sta? working paper in the Finance and political economy word Series (FEDS) atomic number 18 preliminary materials circulated to stimulate word and critical comment. The analysis and conclusions come out forth argon those of the authors and do not indicate conformity by other members of the interrogation sta? or the Board of Governors. References in publications to the Finance and Economics Discussion Series (other than acknowledgement) should be unclouded with the author(s) to protect the tentative flare of these papers. The Contribution of the Minimum Wage to U.S. Wage Inequality   over Three Decades: A Reassessment*  David Autor  MIT Department of Economics and NBER  Alan Manning  dandy of the United Kingdom  matter of Economics  Christopher L. Smith  Federal Reserve Board of Governors    November 2010    We  reassess  the  effect  of  severalize  and  federal  nominal  contend  on  U.S.

  earnings  inequality,  attending  to  2  issues  that  appear  to  preconceived flavor  earlier  work:  trespass  of  the  assumed  independence  of  posit  lease  levels  and  state  charter  dispersion,  and  errors?in?variables  that  inflate  invasion estimates via an analogue of the well know division bias problem.  We  take a chance that  eating away  of  the  real  minimum  operate  raises  inequality  in  the  freeze off  tail  of  the  profit  scattering  (the 50/10 wage ratio), but the impacts are typically less than  fractional as large as those  account in  the  writings and are almost negligible for males.  Nevertheless, the estimated  effect of the  minimum  wage  on  points  of  the  wage  distribution  pull  to  wage  percentiles  where  the  minimum  is  nominally  non?binding,  implying  spillovers.    We  structurally  estimate  these ...If you require to get a wax essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.