William L. Wascher of the Federal Reserve System discusses the effects of the minimum wage on income distribution.

Posted by Staff on January 2, 2007 |

William L. Wascher, deputy associate director in The Division of Research and Statistics at the Board of Governors of The Federal Reserve System discussess the issue of whether to raise the minimum wage goes beyond
employment, but questions of income distribution are also of critical
importance. In attempting to determine whether the minimum wage has a
positive redistributive effect, they found that it either had no
effect on ameliorating poverty or, beyond that, worsened it.

 
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January 2, 2007
« TRNS Correspondent Dheeraj Chand asks Elaine Maag of Brookings about complications in the Earned Income Tax Credit
Harry Holzer, Dean of Georgetown Public Policy Institute, discusses the benefits and consequences of increasing the minimum wage. »
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