Study: Minimum wage ‘an effective tool’ for increasing incomes of older workers

In an era of rising inequality and aging populations in the U.S., the effect of the minimum wage on the labor market for older workers is increasingly important, says new research from Mark Borgschulte, a professor of economics at Illinois. Photo by L. Brian Stauffer

Editor’s notes:  To contact Mark Borgschulte, email markborg@illinois.edu.

The paper “Minimum wages and retirement” is available online.

Source: Illinois News Bureau

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Study: Minimum wage 'an effective tool' for increasing incomes of older workers
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Study: Minimum wage 'an effective tool' for increasing incomes of older workers
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CHAMPAIGN, Ill. — A new paper co-written by a University of Illinois expert who studies labor economics says the minimum wage is an effective tool to increase the incomes of older workers who are at or near retirement and – contrary to the notion that higher minimum wages force earlier retirements – has no discernible “disemployment” effects.