If Card/Krueger is such a bad study where is the locus classicus of a
reply? I have heard for years of a Finis Welch reply but have never
seen anything published. Where indeed is the reply to their book which
includes a lot more questioning the miniumum wage than their paper?
I don't happen to believe their result (and where I was educated (and
Bryan teaches) Card and Kruger are known as "whores for the political
classes" ). Nevertheless, I get annoyed when the detractors have
nothing more substantive to say. Faith in the discipline or perhaps
faith in discipline makes me demand better.
Card and Krueger is indeed an original and clever study and if it had
turned out the other way I have no doubt John and others would be
hailing it as the definitive paper on the minimum wage.
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621-1428
Tel. 510-632-1366, FAX: 510-568-6040
Email: [EMAIL PROTECTED]
