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November 30, 2023

Evaluating the Success of the War on Poverty since 1963 Using an Absolute Full-Income Poverty Measure

Abstract We evaluate progress in the War on Poverty as President Lyndon B. Johnson defined it, which established a 20% baseline poverty rate and adopted an absolute standard. While the official poverty rate fell from 19.5% in 1963 to 10.5% in 2019, our absolute full-income poverty measure—which uses a fuller income measure and updates thresholds…

April 1, 2023

Minimum Wages and Poverty: New Evidence from Dynamic Difference-in-Differences Estimates

Advocates of minimum wage increases have long touted their potential to reduce poverty. This study assesses this claim. Using data spanning nearly four decades from the March Current Population Survey, and a dynamic difference-in-differences approach, we find that a 10 percent increase in the minimum wage is associated with a (statistically insignificant) 0.17 percent increase…