RFBerlin Podcast Series
Welcome to the RFBerlin Podcast Series presented by the ROCKWOOL Foundation Berlin. This series is dedicated to disseminating cutting-edge research on the economy, society and the welfare state to members of the academic community and beyond.
In each episode of the RFBerlin Podcast series, we invite leading scholars and experts to discuss the key challenges facing labour markets and wage earners across the globe. Join us to hear these experts discuss recent economic trends, new technologies, outsourcing, migration and what governments can do to mitigate instability and more.
Our podcast brings you up to date on the latest empirical research without any complicated mathematical formulas or data sets. Whether at home, at the office or on the road, we look forward to welcoming you wherever you choose to listen!
RFBerlin Podcast Series
3. Handbook Talk with Arindrajit Dube: What are the effects of raising minimum wages?
In this episode of our podcast series dedicated to the new editions of the Handbook of Labor Economics, Arindrajit Dube, Provost Professor of Economics at the University of Massachusetts Amherst, tackles the contentious issue of raising the minimum wage.
While some advocate the minimum wage as an effective tool to combat poverty, others have argued that it could destroy jobs and increase prices. Who’s right? Prof. Dube addresses this question my summarizing what economists have learned about the impacts of minimum wages in the labor market over the last 25 years. He explains how higher minimum wages do not necessarily lead to job losses, but they could instead help firms reduce turnover and retain workers, as well as increase family incomes and reduce reliance on social assistance.
Arindrajit Dube is the Provost Professor of Economics at the University of Massachusetts Amherst, a Research Associate at the National Bureau of Economic Research (NBER), and a Research Fellow at the Institue of Labor Economics (IZA). Professor Dube is considered a world-leading expert on the economic effects of minimum wage policies. His current areas of research include wage inequality, the importance of labor market competition, the effects of minimum wages on employment and inequality, the role of fairness concerns at the workplace and the role of firm wage policies in explaining the growth in inequality.
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