David Card recently won the Nobel Prize in economics for his contributions to the study of labor markets and natural experiments. Some minimum wage proponents confuse these excellent contributions with a particular application of his contributions to a study he conducted of a hike in New Jersey’s minimum wage. We discuss the flaws in that oft-cited study, and the distinction between his contributions and the study.

 

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Topic of the Week

https://davidcard.berkeley.edu/papers/njmin-aer.pdf

https://www.econlib.org/no-krueger-didnt-prove-that-raising-the-minimum-wage-doesnt-increase-unemployment/

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