EconStor >
Bard College, Annandale-on-Hudson (NY) >
Levy Economics Institute of Bard College >
Public Policy Briefs, Levy Economics Institute of Bard College >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/54327
  
Title:Making work pay: Wage insurance for the working poor PDF Logo
Authors:Bluestone, Barry
Ghilarducci, Teresa
Issue Date:1996
Series/Report no.:Public policy brief // Jerome Levy Economics Institute of Bard College 28
Abstract:Barry Bluestone of the University of Massachusetts and Teresa Ghilarducci of the University of Notre Dame show that although the poverty rate for elderly Americans has declined over the past three decades, the total number of persons in poverty has grown and the number of poor nonelderly adults in poverty has nearly doubled since 1970. The authors argue for a comprehensive and coherent strategy aimed at the working poor and those susceptible to highly fluctuating incomes. Two essential components of a wage insurance system already exist in the earned income tax credit (EITC) and the minimum wage. Neither by itself is an ideal solution to the wage poverty problem, but the two programs complement one another. What makes the two fit together so well is that the existence of a higher minimum wage actually reduces the negative productivity, fiscal impact, and moral hazard effects of the EITC, while the EITC makes up for the weak target efficiency and income adequacy of the minimum wage.
ISBN:0941276201
Document Type:Research Report
Appears in Collections:Public Policy Briefs, Levy Economics Institute of Bard College

Files in This Item:
File Description SizeFormat
677774931.pdf153.74 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/54327

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.