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December 10, 2024
Fighting in-work poverty: the minimum wage versus in-work benefits
Abstract We review evidence on the effectiveness of the minimum wage versus in-work benefit policies in reducing poverty in OECD countries. The most credible evidence suggests that raising the minimum wage is an ineffective policy tool for reducing poverty. On net, minimum wage increases tend to redistribute rather than reduce poverty. In contrast, government subsidies…
September 30, 2024
Our Academic Productivity After the Council of Economic Advisers
Abstract Gordon Tullock wrote that government economists found capable of “firefighting” are assigned to do more of it, “with the result that the higher ranks of government economists aren’t able to read.” We here offer ourselves as confounding data points, for our experiences have been otherwise. We read a lot. This article reports how doing…