Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage
AbstractThe author argues that the recent controversy over the effect of the minimum wage on employment offers an opportunity for teaching introductory economics. Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search models, and to teach students how economists test hypotheses with data.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of Economic Education.
Volume (Year): 32 (2001)
Issue (Month): 3 (January)
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- Krasniqi, Mikra, 2007. "Changing Attitudes towards Minimum Wage Debate: How is The Neoclassical Economic Theory holding in the face of a New Era of Minimum Wage Studies?," MPRA Paper 8896, University Library of Munich, Germany.
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