The Impact of Raising the Minimum Wage on the Wellbeing of Individuals 18-24 Years

The Impact of Raising the Minimum Wage on the Wellbeing of Individuals 18-24 Years

Writing a research paper on minimum wage

The paper can either be a theoretical exploration or an empirical analysis of the topic.Final papers should be at least 3000 words, double-spaced, Times New Roman, Font size 12 with 1-inch margins, with at least 10 citations in the APA format.Please include annotated bibliographies (literature review) of at least three peer-reviewd articles, proposal, and outline.

Make sure that you include summaries of both of these as part of the Annotated Bibliographies.

https://www.nber.org/papers/w4509 (Links to an external site.)

https://www.nber.org/papers/w25182?mod=djemrte_h

This is my thoughts on this topic.

Does raising the minimum wage impact the well-being of the age group of 18-24 years old.

  • The impact of raising minimum wage on the labor market for them
  • How raising minimum wage changes education decision
  • How the combining effect on labor market and education decision increase income inequality between those high school graduates and degree holders.
Answer preview
Implications of increasing the minimum wage are a significant concern for policymakers and researchers. Policymakers have contrasting views on increasing the minimum wage, either promoting, opposing, or calling for a sophisticated mechanism to regulate the process. Some research findings explain that a high minimum wage potentially reduces unemployment (Card & Krueger, 1993)…
(3200 words)
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