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Author: David Card
Publisher: Princeton University Press
ISBN: 1400880874
Category : Business & Economics
Languages : en
Pages : 455
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Book Description
From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Author: David Card
Publisher: Princeton University Press
ISBN: 1400880874
Category : Business & Economics
Languages : en
Pages : 455
Get Book Here
Book Description
From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Author: David Neumark
Publisher: MIT Press
ISBN: 0262141027
Category : Income distribution
Languages : en
Pages : 389
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Book Description
A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
Author: Marcus Weeks
Publisher: Richmond Hill, Ont. : Firefly Books
ISBN:
Category : Mathematics
Languages : en
Pages : 232
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Book Description
A comprehensive reference and history book on what is measured and why. Measurement is one of humankind's oldest and most vital activities. By measuring height, speed, size, temperature, strength and many other factors, humans can compare, improve and progress. In fact, measurement is an essential tool for survival. A Measure of Everything is a wide-ranging and comprehensive guide to what is measured and why. The book begins when the basic measurements were as simple as more, less and enough. As societies evolved, relative measurements were no longer sufficient. Advances in language allowed more precise measurements. Short distances were measured in relation to parts of the human body. For example, the ancient measurement cubit was the length of a pharaoh's arm plus the width of his hand. As society and culture progress and change, so do measurements. The rise of astronomy and the sciences demanded more exact measurements. These measurements are typically named after the discovering scientist, e.g., henry, curie, watt, rutherford, fahrenheit. This book features 28 categories organized into three sections: Earth and Life Sciences: astronomy, distance, time, meteorology, medicine, and five others. Physical Sciences: chemistry, mathematics, physics, speed, weight, temperature, and three others. Technology and Leisure: computers, engineering, finance, food, textiles, and four others. A Measure of Everything is an informative and entertaining book that will appeal to a wide range of readers.
Author: E. J. Mishan
Publisher: Routledge
ISBN: 1136586377
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
First published in 1986, Economic Myths and the Mythology of Economics is a polemical study in which the author focuses on the popular myths and misconceptions that colour our understanding of economic issues. Professor Mishan, the internationally recognised economist and expert in the field of resource allocation and cost benefit analysis, undermines the idea that economics is a science. But such are popular myths, he argues, that governments employ battalions of economists in their ongoing attempts to promote economic growth, efficiency and employment. The author challenges the validity and measurement of such concepts as economic efficiency and GNP, and questions the assumption that free competitive markets can operate effectively in a rapidly changing, high-technology society. Professor Mishan foresees in his study further expansion as an unavoidable consequence of continued innovation, while revealing the interconnecting processes by which innovative activity, designed to raise living standards, has begun to erode the moral and psychological foundations of a viable and libertarian society.
Author: Joel Michell
Publisher: Psychology Press
ISBN: 1317784073
Category : Psychology
Languages : en
Pages : 201
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Book Description
This book declines to take for granted the widespread assumption that existing psychometric procedures provide scientific measurement. The currently fashionable concepts of measurement within psychology -- operationalism and representationalism -- are critically examined, and the classical view, that measurement is the assessment of quantity, is defended. Within this framework, it is shown how conjoint measurement can be used to test the hypothesis that variables are quantitative. This theme is developed in detail using familiar psychological examples, such as Thurstone's law of comparative judgment, multidimensional scaling, and Coombs' theory of unfolding.
Author: Oswaldo de Rivero B.
Publisher: Zed Books
ISBN: 9781856499491
Category : Developing countries
Languages : en
Pages : 228
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Book Description
In order to prevent increasing social and political disorders, the author argues that many countries with primary production and explosive urban growth will have to abandon dreams of development to adopt a policy of national survival based on the search for water, food, and energy security - and the stabilization of their populations."--BOOK JACKET.
Author: David Card
Publisher: Oxford University Press, USA
ISBN: 0199693382
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
David Card and Alan B. Krueger received the IZA Prize in Labor Economics in 2006 for their outstanding contributions to the field. This volume provides an overview of their most important work on school quality, differences in wages across groups in the US, and the effect of changes in the minimum wage on employment and wage setting.
Author: Robert Alan Segal
Publisher: Oxford University Press, USA
ISBN: 0198724705
Category : Religion
Languages : en
Pages : 161
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Book Description
This Very Short Introduction explores different approaches to myth from several disciplines, including science, religion, philosophy, literature, and psychology. In this new edition, Robert Segal considers both the future study of myth as well as the impact of areas such as cognitive science and the latest approaches to narrative theory.
Author: Jason W. Osborne
Publisher: SAGE
ISBN: 1412988012
Category : Mathematics
Languages : en
Pages : 297
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Book Description
Many researchers jump straight from data collection to data analysis without realizing how analyses and hypothesis tests can go profoundly wrong without clean data. This book provides a clear, step-by-step process of examining and cleaning data in order to decrease error rates and increase both the power and replicability of results. Jason W. Osborne, author of Best Practices in Quantitative Methods (SAGE, 2008) provides easily-implemented suggestions that are research-based and will motivate change in practice by empirically demonstrating, for each topic, the benefits of following best practices and the potential consequences of not following these guidelines. If your goal is to do the best research you can do, draw conclusions that are most likely to be accurate representations of the population(s) you wish to speak about, and report results that are most likely to be replicated by other researchers, then this basic guidebook will be indispensible.
Author: Marc Fleurbaey
Publisher: Oxford University Press
ISBN: 0199346917
Category : Business & Economics
Languages : en
Pages : 395
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Book Description
In spite of recurrent criticism and an impressive production of alternative indicators by scholars and NGOs, GDP remains the central indicator of countries' success. This book revisits the foundations of indicators of social welfare, and critically examines the four main alternatives to GDP that have been proposed: composite indicators, subjective well-being indexes, capabilities (the underlying philosophy of the Human Development Index), and equivalent incomes. Its provocative thesis is that the problem with GDP is not that it uses a monetary metric but that it focuses on a narrow set of aspects of individual lives. It is actually possible to build an alternative, more comprehensive, monetary indicator that takes income as its first benchmark and adds or subtracts corrections that represent the benefit or cost of non-market aspects of individual lives. Such a measure can respect the values and preferences of the people and give as much weight as they do to the non-market dimensions. A further provocative idea is that, in contrast, most of the currently available alternative indicators, including subjective well-being indexes, are not as respectful of people's values because, like GDP, they are too narrow and give specific weights to the various dimensions of life in a more uniform way, without taking account of the diversity of views on life in the population. The popular attraction that such alternative indicators derive from being non-monetary is therefore based on equivocation. Moreover, it is argued in this book that "greening" GDP and relative indicators is not the proper way to incorporate sustainability concerns. Sustainability involves predicting possible future paths, therefore different indicators than those assessing the current situation. While various indicators have been popular (adjusted net savings, ecological footprint), none of them involves the necessary forecasting effort that a proper evaluation of possible futures requires.
