Bellante and Picone on Card and Krueger

(Don Boudreaux)

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Until last night, I thought that I’d shared here at Cafe Hayek the excellent Fall 1999 Journal of Labor Research paper by Don Bellante and Gabriel Picone on David Card’s and Alan Krueger’s famous empirical research on minimum-wage legislation – research that is purported to show that hiking minimum wages at least sometimes has little or no negative, and perhaps even a positive, impact on the employment opportunities of low-skilled workers. But I discover that I’ve not yet shared the Bellante-Picone paper, the title of which is “Fast Food and Unnatural Experiments: Another Perspective on the New Jersey Minimum Wage,” so here it is. Unfortunately, it’s behind a high pay wall. Below the fold I excerpt some key passages. (Long-time patrons of Cafe Hayek might recall that the labor economist Don Bellante is the author also of the insightful 2007 paper “The Non Sequitur in the Revival of Monopsony Theory.”)

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