The Impact of Increases in the Minimum Wage on Food Security: A Regression Discontinuity Approach
*Names in bold indicate Presenter
The paper’s findings suggest a dynamic where a modest increase in the minimum wage helps households the greatest who are on the threshold of achieving food security. A modest increase in the minimum wage provides “Low Security” households the needed assistance. However, to significantly reduce “Very-Low Security”, I conclude that policy makers must either implement larger increases in the minimum wage, or continue with modest increases but aggressively accompany them with fiscal policies such as the Earned Income Tax Credit (EITC) and accommodative monetary policy.
- food-min wage-10-23-15-circulated.pdf (1203.0KB)