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Reasons for Supporting the Minimum Wage: Asking Signatories of the "Raise the Minimum Wage" Statement

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Author Info

  • Daniel B. Klein
  • Stewart Dompe

Abstract

In October 2006, the Economic Policy Institute released a “Raise the Minimum Wage†statement signed by more than 650 individuals. Using an open-ended, non-anonymous questionnaire, we asked the signatories to explain their thinking on the issue. The questionnaire asked about the specific mechanisms at work, possible downsides, and whether the minimum wage violates liberty. Ninety-five participated. This article reports the responses. It also summarizes findings from minimum-wage surveys since 1976.

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Bibliographic Info

Article provided by Econ Journal Watch in its journal Econ Journal Watch.

Volume (Year): 4 (2007)
Issue (Month): 1 (January)
Pages: 125-167

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Handle: RePEc:ejw:journl:v:4:y:2007:i:1:p:125-167

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Related research

Keywords: minimum wage; disemployment; non-wage job attributes; questionnaire; survey; liberty; monopsony;

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References

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  1. Richard Dickens & Stephen Machin & Alan Manning, 1994. "The Effects of Minimum Wages on Employment: Theory and Evidence from the US," NBER Working Papers 4742, National Bureau of Economic Research, Inc.
  2. Lawrence F. Katz & Alan B. Krueger, 1992. "The Effect of the Minimum Wage on the Fast Food Industry," NBER Working Papers 3997, National Bureau of Economic Research, Inc.
  3. David Card, 1992. "Using Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage," Working Papers 680, Princeton University, Department of Economics, Industrial Relations Section..
  4. Dinardo, J. & Fortin, N.M. & Lemieux, T., 1994. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Cahiers de recherche 9406, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  5. Machin, Stephen & Manning, Alan, 1997. "Minimum wages and economic outcomes in Europe," European Economic Review, Elsevier, vol. 41(3-5), pages 733-742, April.
  6. David Neumark & William Wascher, 2006. "Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research," Working Papers 060708, University of California-Irvine, Department of Economics, revised Jan 2007.
  7. Blinder, Alan S. & Krueger, Alan B., 2004. "What Does the Public Know about Economic Policy, and How Does It Know It?," IZA Discussion Papers 1324, Institute for the Study of Labor (IZA).
  8. Dickens, Richard & Machin, Stephen & Manning, Alan, 1998. "Estimating the effect of minimum wages on employment from the distribution of wages: A critical view," Labour Economics, Elsevier, vol. 5(2), pages 109-134, June.
  9. David Neumark & William Wascher, 1994. "Minimum Wage Effects on Employment and School Enrollment," NBER Working Papers 4679, National Bureau of Economic Research, Inc.
  10. Dan A. Fuller & Richard M. Alston & Michael B. Vaughan, 1995. "The Split between Political Parties on Economic Issues: A Survey of Republicans, Democrats, and Economists," Eastern Economic Journal, Eastern Economic Association, vol. 21(2), pages 227-238, Spring.
  11. David Colander, 2003. "The Aging of an Economist," Middlebury College Working Paper Series 0304, Middlebury College, Department of Economics.
  12. Stephen Machin & Alan Manning & Lupin Rahman, 2003. "Where the Minimum Wage Bites Hard: Introduction of Minimum Wages to a Low Wage Sector," Journal of the European Economic Association, MIT Press, vol. 1(1), pages 154-180, 03.
  13. David Neumark & Wendy Cunningham & Lucas Siga, 2004. "The Effects of the Minimum Wage in Brazil on the Distribution of Family Incomes: 1996-2001," Working Papers 050627, University of California-Irvine, Department of Economics.
  14. William A. McEachern, 2006. "AEA Ideology: Campaign Contributions of American Economic Association Members, Committee Members, Officers, Editors, Referees, Authors, and Acknowledgees," Econ Journal Watch, Econ Journal Watch, vol. 3(1), pages 148-179, January.
  15. David Naumark & William Wascher, 2003. "Minimum wages, labor market institutions, and youth employment: a cross-national analysis," Finance and Economics Discussion Series 2003-23, Board of Governors of the Federal Reserve System (U.S.).
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  17. David Neumark & William Wascher, 1992. "Employment effects of minimum and subminimum wages: Panel data on state minimum wage laws," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 46(1), pages 55-81, October.
  18. David Neumark & William L. Wascher, 1996. "Minimum wage effects on employment and school enrollment: reply to Evans and Turner," Finance and Economics Discussion Series 96-28, Board of Governors of the Federal Reserve System (U.S.).
  19. Daniel B. Klein, 2006. "Sense and Sensibilities: Myrdal's Plea for Self-Disclosure and Some Disclosures on AEA Members," Econ Journal Watch, Econ Journal Watch, vol. 3(1), pages 180-205, January.
  20. Neumark, David & Wascher, William, 2003. "Minimum wages and skill acquisition: another look at schooling effects," Economics of Education Review, Elsevier, vol. 22(1), pages 1-10, February.
  21. Stephen Machin & Joan Wilson, 2004. "Minimum wages in a low-wage labour market: Care homes in the UK," Economic Journal, Royal Economic Society, vol. 114(494), pages C102-C109, 03.
  22. Frey, Bruno S, et al, 1984. "Consensus and Dissension among Economists: An Empirical Inquiry," American Economic Review, American Economic Association, vol. 74(5), pages 986-94, December.
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  24. David Neumark & DMark Schweitzer & DaWilliam Wascher, 2004. "Minimum Wage Effects throughout the Wage Distribution," Journal of Human Resources, University of Wisconsin Press, vol. 39(2).
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Citations

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Cited by:
  1. Zeljka Buturovic & Daniel B. Klein, 2010. "Economic Enlightenment in Relation to College-going, Ideology, and Other Variables: A Zogby Survey of Americans," Econ Journal Watch, Econ Journal Watch, vol. 7(2), pages 174-196, May.
  2. Strobl, Eric & Walsh, Frank, 2008. "The Ambiguous Effect of Minimum Wages on Workers and Total Hours," IZA Discussion Papers 3643, Institute for the Study of Labor (IZA).
  3. Robert Schuldt & Davis Woodall & Walter E. Block, 2012. "Drowning the poor in excessive wages: the problems of the minimum wage law," Humanomics: The International Journal of Systems and Ethics, Emerald Group Publishing, vol. 28(4), pages 258-269, November.

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