TY  - JOUR
AU  - Neumark,David
AU  - Wascher,William
TI  - Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz and Krueger
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4570
PY  - 1993
Y2  - December 1993
UR  - http://www.nber.org/papers/w4570
L1  - http://www.nber.org/papers/w4570.pdf
N1  - Author contact info:
David Neumark
Department of Economics
University of California at Irvine
3151 Social Science Plaza
Irvine, CA  92697
Tel: 949-824-8496
Fax: 949/824-2182
E-Mail: dneumark@uci.edu

William Wascher
Federal Reserve Board
Stop 66
Washington, DC 20551
Tel: 202/452-2812
Fax: 202/452-5296
E-Mail: william.l.wascher@frb.gov
AB  - In Neumark and Wascher (1992), we present findings supporting the earlier consensus that minimum wages reduce employment for teens and young adults, with elasticities in the range -0.1 to -0.2.  In addition, we find that subminimum wages moderate these disemployment effects.  Card, Katz and Krueger (1993) criticize numerous aspects of our analysis, and contest our conclusions.  This reply presents an assessment of their arguments, as well as additional evidence related to some of the criticisms that they raise.  We conclude that the issues raised by Card, et al., upon further examination, do not alter the conclusions from our original paper, and in some cases even reinforce those conclusions.
ER  -