David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Critical Review 10 (4):607-619 (1996)
Abstract In Myth & Measurement: The New Economics of the Minimum Wage, David Card and Alan Krueger assemble a variety of evidence purporting to weaken the case that minimum wages lead to unemployment among low?wage workers. Although the authors succeed in casting doubt on some previous studies that supported the standard view, they fail to provide compelling evidence for their alternative model. The methodological errors in their showcase study of minimum wages in New Jersey and Pennsylvania render it nearly worthless, and the remainder of the book's arguments are not weighty enough to reverse the conventional economic wisdom on minimum wages.
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