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Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage

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  • Alan B. Krueger

Abstract

The author argues that the recent controversy over the effect of the minimum wage on employment offers an opportunity for teaching introductory economics. Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search models, and to teach students how economists test hypotheses with data.

Suggested Citation

  • Alan B. Krueger, 2001. "Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(3), pages 243-258, January.
    • Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:243-258
    DOI: 10.1080/00220480109596106
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    References listed on IDEAS

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    1. Alison J. Wellington, 1991. "Effects of the Minimum Wage on the Employment Status of Youths: An Update," Journal of Human Resources, University of Wisconsin Press, vol. 26(1), pages 27-46.
    2. David Card, 1992. "Using Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage," ILR Review, Cornell University, ILR School, vol. 46(1), pages 22-37, October.
    3. Alan B. Krueger & David Card, 2000. "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Reply," American Economic Review, American Economic Association, vol. 90(5), pages 1397-1420, December.
    4. David Card, 1992. "Using Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage," Working Papers 680, Princeton University, Department of Economics, Industrial Relations Section..
    5. repec:fth:prinin:300 is not listed on IDEAS
    6. Dickens, Richard & Machin, Stephen & Manning, Alan, 1999. "The Effects of Minimum Wages on Employment: Theory and Evidence from Britain," Journal of Labor Economics, University of Chicago Press, vol. 17(1), pages 1-22, January.
    7. Charles Brown & Curtis Gilroy & Andrew Kohen, 1983. "Time-Series Evidence of the Effect of the Minimum Wage on Youth Employment and Unemployment," Journal of Human Resources, University of Wisconsin Press, vol. 18(1), pages 3-31.
    8. Robert Cherry, 1985. "Textbook treatments of minimum-wage legislation," The Review of Black Political Economy, Springer;National Economic Association, vol. 13(4), pages 25-38, March.
    9. William E. Becker, 2000. "Teaching Economics in the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 109-119, Winter.
    10. Burdett, Kenneth & Mortensen, Dale T, 1998. "Wage Differentials, Employer Size, and Unemployment," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 257-273, May.
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    Cited by:

    1. Jeffrey Clemens, 2021. "How Do Firms Respond to Minimum Wage Increases? Understanding the Relevance of Non-employment Margins," Journal of Economic Perspectives, American Economic Association, vol. 35(1), pages 51-72, Winter.
    2. Thomas Hegland & Andrew Lithio & Spencer Maynes & Anthony D. Becker, 2012. "Economics 101: An Improved Approach," Working Papers 201202, St. Olaf College, Department of Economics.
    3. James K. Self & William E. Becker, 2016. "Teaching and Learning Alternatives to a Comparative Advantage Motivation for Trade," The American Economist, Sage Publications, vol. 61(2), pages 178-190, October.
    4. Krasniqi, Mikra, 2007. "Changing Attitudes towards Minimum Wage Debate: How is The Neoclassical Economic Theory holding in the face of a New Era of Minimum Wage Studies?," MPRA Paper 8896, University Library of Munich, Germany.
    5. Ling-po Shiu & Chor-yiu Sin, 2006. "Top-down, middle-out, and bottom-up processes: A cognitive perspective of teaching and learning economics," International Review of Economic Education, Economics Network, University of Bristol, vol. 5(1), pages 60-72.
    6. Todd J. Barry, 2020. "The push for a U.S. living wage: Modeling for inflation, unemployment, both, or neither," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 68-105,106-.
    7. Gunessee, Saileshsingh & Lane, Tom, 2023. "Changing perceptions about experimentation in economics: 50 years of evidence from principles textbooks," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 107(C).
    8. Saileshsingh Gunessee & Tom Lane, 2020. "Is Economics An Experimental Science? A Textbook Perspective," Discussion Papers 2020-16, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.

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