Is the Minimum Wage an Effective Response to Income Inequality?

Autor:	Oren M. Levin-Waldman, Paul Lerman
Rok vydání:	2017
Předmět:	Labour economics Inequality media_common.quotation_subject 05 social sciences General Medicine Redistribution (cultural anthropology) Public choice Economic inequality Argument 0502 economics and business Economics Revenue 050207 economics Minimum wage Effective response 050205 econometrics media_common
Zdroj:	Challenge. 60:574-595
ISSN:	1558-1489 0577-5132
DOI:	10.1080/05775132.2017.1399635
Popis:	Based on public choice theory, the authors argue that states with more unequal incomes will redistribute revenues through higher taxes. But the facts suggest otherwise. A higher minimum wage can be a better answer to calls for more redistribution, and the data bear this out. A higher minimum wage will reduce inequality because the distance between median and average incomes will narrow. Inequality, then, becomes another argument in favor of a substantial minimum wage.
Databáze:	OpenAIRE
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