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Journal Article

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.
DOI: 10.2307/1183382
Stable URL: http://www.jstor.org/stable/1183382
Page Count: 16
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Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage
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Abstract

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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