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Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage
Alan B. Krueger
The Journal of Economic Education
Vol. 32, No. 3, The Scholarship of Teaching Economics (Summer, 2001), pp. 243-258
Published by: Taylor & Francis, Ltd.
Stable URL: http://www.jstor.org/stable/1183382
Page Count: 16
You can always find the topics here!Topics: Minimum wage, Employment, Economics education, Labor economics, Empirical evidence, Monopsony, Wages, Economic models, Modeling, Labor markets
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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.
The Journal of Economic Education © 2001 Taylor & Francis, Ltd.