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008			201109b ||||| |||| 00| 0 eng d
100			_aFahimullah, Fahad _932092
245			_aEarnings, EITC, and Employment Responses to a $15 Minimum Wage: Will Low-Income Workers Be Better Off?
260			_bSage, _c2019
300			_aVol.33, Issue 4,2019;(331-350 p. )
520			_aThe District of Columbia will increase its minimum wage to $15 per hour in 2020. The city also provides a local refundable earned income tax credit (EITC) equal to 40% of the federal EITC. Using a computable general equilibrium model, the authors estimate the economic impact of the $15 wage policy. They also use a tax policy microsimulation model to estimate how the city’s EITC interacts with a higher minimum wage. Overall, the authors find that the higher minimum wage will produce significant income gains for most of the city’s low-wage workers, with relatively few job losses. Additionally, they forecast that most city EITC recipients will receive a lower EITC, but higher earnings more than offset the reduced tax credit. The model predicts that this policy change would largely be funded by higher consumer prices, lower firm profits, and higher business productivity. These predictions are subject to important caveats, including a local labor market that is likely inadequately characterized in a model assuming perfect competition. Economic policy makers should therefore use such modeling approaches as a powerful but ultimately imperfect tool.
650			_aminimum wage, _932093
650			_a EITC, _932094
650			_ageneral equilibrium, _932095
650			_alow-income workers, _931926
650			_a policy simulation _932096
700			_aGeng, Yi _932097
700			_aHardy, Bradley _932098
773	0		_010589 _915392 _dSage Publisher _tEconomic development quarterly
856			_uhttps://doi.org/10.1177/0891242419880269
942			_2ddc _cART