Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage

The 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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Year of publication:	2001
Authors:	Krueger, Alan B.
Published in:	Journal of Economic Education. - Helen Dwight Reid Foundation, ISSN 0022-0485. - Vol. 32.2001, 3, p. 243-258
Publisher:	Helen Dwight Reid Foundation
Subject:	minimum wage \| monopsony \| natural experiment

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Extent:	application/pdf
Type of publication:	Article
Classification:	J3 - Wages, Compensation, and Labor Costs ; A2 - Economics Education and Teaching of Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405152