Fed study on minimum wage and inequality
A Federal Reserve paper published in November shows growth in US wage inequality over the past three decades is less attributable to declines in minimum wage.
The paper's authors, David Autor, Alan Manning and Christopher Smith, examine the effects of the federal and state minimum wage on inequality in the US from 1979 to 2009.
The results indicate that the decline in the minimum wage made only a modest contribution to inequality between 1988 and 2009, with 35% to 45% of the growth in inequality
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