Abstract
This IS looks at the question: Does an increase in the minimum wage increase unemployment? I look at it from four different perspectives, overall unemployment, 16-19 year olds unemployment rates, 20-24 year olds unemployment rates, and 25-34 year olds unemployment rates. the theoretical model tells us that we should expect the unemployment rate to increase when the minimum wage is increased. I have found evidence based on the data I have collected on each state for a ten-year time period, that when the minimum wage is increased the unemployment level will increase. The increase in the unemployment level is different for each age group which can help provide some more insight into the question for policy makers who have to decide to increase it or not.
Advisor
Mellizo, Philip
Department
Business Economics
Recommended Citation
Kipfer, Joshua M., "Minimum Wages Effect on Unemployment Across Age Groups: a Study of the Impact of Minimum Wage on Different Age Groups of Unemployment." (2016). Senior Independent Study Theses. Paper 7082.
https://openworks.wooster.edu/independentstudy/7082
Keywords
Minimum wage
Publication Date
2016
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2016 Joshua M. Kipfer