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Selected Works of Jose Fernandez
Article
Minimum Wages, Morality, and Efficiency: A Choice Experiment
American Economic Association Paper and Proceedings (2019)
  • Jose M Fernandez
  • Conor Lennon
  • Keith Teltser, Georgia State University
  • Stephan Gohmann, University of Louisville
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Abstract
We use a choice experiment to examine public support for minimum wages. We first elicit respondents' moral assessment of two labor market systems: one with a minimum wage and one without. Then, we present four pairs of hypothetical employment outcomes and ask respondents to "vote." Our estimates suggest that the average respondent requires a 4.65 percentage point reduction in unemployment before they would support a system without a minimum wage. We also find that equity matters; respondents are 11.1 percentage points less likely to support a minimum wage if it disproportionately affects minorities and females.
Disciplines
Publication Date
May, 2019
DOI
10.1257/pandp.20191088
Citation Information
Jose M Fernandez, Conor Lennon, Keith Teltser and Stephan Gohmann. "Minimum Wages, Morality, and Efficiency: A Choice Experiment" American Economic Association Paper and Proceedings Vol. 109 (2019)
Available at: http://works.bepress.com/jose-fernandez_econ/2/