This is a comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labour market outcomes, and concludes that the minimum wage is not a good policy tool.Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increas…
Papers presented at a conference held at Syracuse University in April 2001.This groundbreaking collection of essays by leading economists examines different aspects of entrepreneurship and its relation to public policy.Entrepreneurship has been a subject of much recent discussion among academics and policymakers because of the belief that it invigorates the economy--producing greater productivi…