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January 21, 2014

Teen Employment and the Minimum Wage

Tyler Cowen: Teen employment and the minimum wage: sixty years of experience
Cowen's Bottom line: “Is there any other issue where the data conforms so strongly to basic economic intuition, and yet is widely written off as a coincidence?”
And a response from Kevin Drum: Teen Employment Isn't Really Very Well Correlated With the Minimum Wage
Drum's bottom line: Maybe there's a correlation there, but it sure isn't easy to see. Whatever's happening [to teen employment], the minimum wage seems to be a pretty small part of it.

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