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Reducing poverty via minimum wages, alternatives

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  • David Neumark

Abstract

Setting a higher minimum wage seems like a natural way to help lift families out of poverty. However, minimum wages target individual workers with low wages, rather than families with low incomes. As a result, a large share of the higher income from minimum wages flows to higher-income families. Other policies that directly address low family income, such as the earned income tax credit, are more effective at reducing poverty.

Suggested Citation

  • David Neumark, 2015. "Reducing poverty via minimum wages, alternatives," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
  • Handle: RePEc:fip:fedfel:00078
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    Cited by:

    1. David Maré & Dean Hyslop, 2021. "Minimum Wages in New Zealand: Policy and practice in the 21st century," Working Papers 21_03, Motu Economic and Public Policy Research.
    2. Jacques Fontanel, 2017. "La globalisation économique, un rapport de forces entre Etats et intérêts privés producteur d’inégalités, de conflits et de guerres économiques," Working Papers hal-02179483, HAL.
    3. Jacques Fontanel, 2016. "Inégalités et pauvreté dans les pays riches. L’exemple des Etats-Unis," Working Papers hal-02179300, HAL.
    4. Jacques Fontanel, 2019. "Globalisation économique, facteur d'inégalités," Working Papers hal-02142671, HAL.
    5. International Monetary Fund, 2016. "Cross-Country Report on Minimum Wages: Selected Issues," IMF Staff Country Reports 2016/151, International Monetary Fund.
    6. Teresa Backhaus & Kai-Uwe Müller, 2019. "Does the German Minimum Wage Help Low Income Households?: Evidence from Observed Outcomes and the Simulation of Potential Effects," Discussion Papers of DIW Berlin 1805, DIW Berlin, German Institute for Economic Research.

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