The minimum wage

The federal minimum wage increased from $5.15 to $5.85 in July 2007, then to $6.55 in July 2008 and to $7.25 in July 2009. Meanwhile, the California State minimum wage has remained constant at $8.00 and the San Francisco minimum wage has increased because of indexation to $10.24. In the same period, national teen employment rates declined, as they have since 2001.
Write a three page essay analyzing:
1. The predictions of minimum wage effects on employment that follow from each of the three main models: the standard competitive model, the monopsony model and the efficiency wage model.
2. How you would go about distinguishing the correlation between the national minimum wage and national teen employment rates from the causal effects of the minimum wage on teen employment rates.
3. The likely causal effects on employment of the increases in the federal minimum wage on teen employment in the U.S and in California.
4. The likely causal effects of minimum wage indexation in San Francisco.
Base your essay on the textbook notes ( from chapter 1 to 4). There is no single correct answer, do not need to use diagrams or equations, just clearly written English.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more