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See for example Leonard’s (2000) discussion of the reaction to Card and Krueger (1994). |
A particularly questionable and combative example is the case of the late Nobel laureate James Buchanan, who wrote in the Wall Street Journal in 1996, “Just as no physicist would claim that ‘water runs uphill,’ no self-respecting economist would claim that increases in the minimum wage increase employment. |
Such a claim, if seriously advanced, becomes equivalent to a denial that there is even minimal scientific content in economics, and that, in consequence, economists can do nothing but write as advocates for ideological interests. |
Fortunately, only a handful of economists are willing to throw over the teaching of two centuries; we have not yet become a bevy of camp-following whores.”
The University of Kentucky dataset begins in 1980, in the middle of a three stage increase in the federal minimum wage. |
The first two stages, which are not in the data, were larger than the third. |
Some localities have implemented “living wages” that are higher than minimum wages and therefore may be associated with greater percentage changes in the minimum wage at the time of their implementation. |
These are not considered here, nor are they studied in the minimum-wage literature discussed above. |
See Holzer (2008) for a review of the literature on living wage laws. |
References
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