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• W1977456064 abstract "This paper examines how closely the minimum wage has been set to the most popularly stated goals of minimun‐wage policy. I first estimate these goals: the minimum‐wage rate at which the relevant labor demand is unitary elastic‐maximizing the total earnings of minimum‐wage workers (about $5.35)‐and the level that would lift a typical minimum‐wage worker's family out of poverty (about $5.17). I can reject that the actual minimum‐wage policy has been driven by desire to achieve these goals and find that a simple interest group model best explains the historical path of the minimum‐wage rate." @default.
• W1977456064 created "2016-06-24" @default.
• W1977456064 creator A5025616617 @default.
• W1977456064 date "1999-08-01" @default.
• W1977456064 modified "2023-10-16" @default.
• W1977456064 title "Theory and Evidence on the Political Economy of the Minimum Wage" @default.
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• W1977456064 doi "https://doi.org/10.1086/250078" @default.
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