Title:
Effects of Minimum Wage on Unemployment Rates Across the United States
Effects of Minimum Wage on Unemployment Rates Across the United States
Author(s)
Abdeljawad, Aeishah
Panjwani, Rahim
Ramani, Hamsika
Panjwani, Rahim
Ramani, Hamsika
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Abstract
In recent years, there has been widespread discussion on the
effects of minimum wage on unemployment. In this paper, we have compiled
extensive data on the variation of minimum wage levels across states, as well
as looking at other variables that have an effect on earnings such as educational levels, weekly unemployment benefits, and the CPI. Using simple and multiple regression analysis and other statistical tests on our
variables, we have come to the conclusion that there is evidence that
supports a positive relationship between minimum wage and unemployment, which
ultimately supports our hypothesis that raising the minimum wage, increases unemployment.
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Date Issued
2014-12
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Text
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Undergraduate Research Paper