The Monopsony-Minimum Wage Controversy

The Monopsony-Minimum Wage Controversy. Material from this video was adapted from the "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA LIBRARIES PUBLISHING EDITION, 2016. THIS EDITION ADAPTED FROM A WORK ORIGINALLY PRODUCED IN 2012 BY A PUBLISHER WHO HAS REQUESTED THAT IT NOT RECEIVE ATTRIBUTION.

It is published under the creative commons license.

Sources: Daniel Aaronson and Eric French, “Employment Effects of the Minimum Wage,” Journal of Labor Economics, January 2007, 25(1), 167–200; David Card and Alan B. Krueger, “Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania,” American Economic Review, 84 (1994): 772–93; Chris Dillow, “Minimum Wage Myths,” Economic Affairs, 20(1) (March 2000): 47–52; Dwight R. Lee, “The MinimumWage Can Harm Workers by Reducing Unemployment,” Journal of Labor Research, 25(4) (Fall 2004); AndrewLeigh, “Employment Effects of Minimum Wages: Evidence from a Quasi-Experiment,” The Australian Economic Review, 36 (2003): 361–73; Andrew Leigh, “Employment Effects of Minimum Wages: Evidence from a Quasi-Experiment—Erratum,” The Australian Economic Review, 37(1): 102–5; Alan Manning, “Monopsony and the Efficiency of Labour Market Interventions,” Labour Economics, 11(2) (April 2004): 145–63;Walter J.Wessels, “Does the Minimum Wage Drive Teenagers Out of the Labor Force?” Journal of Labor Research, 26(1) (Winter 2005): 169–176.