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December 10, 2024
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…
May 23, 2023
A new report from the National Academy of Sciences seeks to redefine poverty. The NAS presents the effort as a matter of science: “An accurate measure of poverty is necessary to fully understand how the economy is performing across all segments of the population and to assess the effects of government policies on communities and families.” But…