000			02781fam a2200409 a 4500
001			1589413
003			KE-NaKCAU
005			20140305124422.0
008			941007s1995 njua b 001 0 eng
010			_a 94040567
020			_a0691043906
035			_a(OCoLC)31374050
035			_a(OCoLC)ocm31374050
035			_a(NNC)1589413
040			_aDLC _cKE-NaKCAU _dDLC _dNNC _dOrLoB
043			_an-us---
050	0	0	_aHD4917 _b.C37 1995
082	0	0	_a331.2/3 _220
100	1		_aCard, David E. _q(David Edward), _d1956-
245	1	0	_aMyth and measurement : _bthe new economics of the minimum wage / _cDavid Card and Alan B. Krueger.
260			_aPrinceton, N.J. : _bPrinceton University Press, _cc1995.
263			_a9502
300			_ax, 422 p. : _bill. ; _c24 cm.
504			_aIncludes bibliographical references and index.
520			_aDavid Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers.
520	8		_aIn a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990-91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs.
520	8		_a.
520	8		_aA distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs.
520	8		_aFinally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country.
650		0	_aMinimum wage.
650		0	_aEmployment (Economic theory)
650		0	_aMinimum wage _zUnited States.
650		0	_aLabor market _zUnited States. _910932
700	1		_aKrueger, Alan B.
900			_bTOC
942			_2lcc _cBK
999			_c11550 _d11550