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Great new study out by @NeumarkDN and Peter Shirley @nber. This should change the current debate about the minimum wage effects since it gives a very even handed account of what economists have found over the past few decades. These are the estimates they examined.
I believe this review will put to sleep some of the rank awfulness that infected #econtwitter over the past week.
When a very highly regarded researcher acknowledges the potential for negative employment effects, her opinion might not be so readily dismissed. @jenniferdoleac
When a very highly regarded researcher acknowledges the potential for negative employment effects, her opinion might not be so readily dismissed. @jenniferdoleac
I found the elasticity estimates across categories especially interesting. Here are elasticity estimates from studies of less educated workers.
Economics would be a better discipline, and would better serve policymakers if we had more studies like this one.
Economics would be a better discipline, and would better serve policymakers if we had more studies like this one.
