surprisingly, higher-wage workers are little affected. Although the pay of low-wage workers increases, their hours and employment …

force. We present evidence on the effects of minimum wages on family incomes from March CPS surveys. Using non …, we examine the effects of minimum wages on this distribution, and on the distribution of the changes in income that … families experience. Although minimum wages do increase the incomes of some poor families, the evidence indicates that their …

We document sectoral differences in changes in output, hours worked, prices, and nominal wages in the United States …. One sector is assumed to have flexible nominal wages, while nominal wages in the other sector are set using Taylor …. Alternatively, if wages are set using Calvo-type contracts, the decline in output is even smaller. …

may be preferred to one with a high starting wage if the growth rate of wages is higher in the former than in the latter …