The Impact of Minimum Wage on Income Inequality in the United States
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Authors
Verville, Thomas J.
Issue Date
2015
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
Income inequality has been growing since the early 1970s and will continue to grow until new legislation is put into place. This study looks at using minimum wage as a means of reducing income disparity in the United States. Firstly, this study will explain the negative impacts that income inequality has on citizens, the government and the economy. Second, a presentation of the theoretical framework of how minimum wage is able to impact unemployment and income inequality must be given. Third, an econometric regression will be used to determine the significance that real minimum wage has on the GINI Index, a measure of income distribution. This study finds that income inequality can be reduced by implementing a higher minimum wage law.
Description
iv, 32 p.
Citation
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License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.