Economic freedom, the minimum wage, and food insecurity

IF 3.3 2区 经济学 Q2 AGRICULTURAL ECONOMICS & POLICY
Dean Stansel, Fengyu Wu
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引用次数: 0

Abstract

Economic freedom, a measure of the degree of freedom from government intervention in the economy, has been found to be associated with many positive economic outcomes, such as lower unemployment rates, and higher growth of income, employment, and population. One area that remains unexplored is the relationship with food insecurity. Areas with more government intervention may be expected to have higher food insecurity because those interventions can create greater impediments to people's ability to prosper economically. One specific example of that is the minimum wage, which may make it harder for inexperienced low-skilled workers to obtain employment. We provide the first state-level examination of the relationship between food insecurity and economic freedom and find higher values of economic freedom (lower levels of intervention) are associated with lower food insecurity. We also examine one specific component of that economic freedom measure, the minimum wage, and find some limited evidence that higher minimum wages are associated with higher food insecurity.

经济自由、最低工资和粮食不安全
经济自由是衡量政府干预经济的自由程度的标准,已被发现与许多积极的经济成果相关,如较低的失业率,较高的收入、就业和人口增长。一个尚未探索的领域是与粮食不安全的关系。政府干预较多的地区可能会有较高的粮食不安全程度,因为这些干预会对人们的经济繁荣能力造成更大的阻碍。这方面的一个具体例子就是最低工资,它可能会使缺乏经验的低技能工人更难就业。我们首次在州一级研究了粮食不安全与经济自由之间的关系,发现经济自由度越高(干预程度越低),粮食不安全程度越低。我们还研究了经济自由度指标的一个具体组成部分--最低工资,并发现一些有限的证据表明,最低工资越高,粮食不安全程度越高。
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来源期刊
Applied Economic Perspectives and Policy
Applied Economic Perspectives and Policy AGRICULTURAL ECONOMICS & POLICY-
CiteScore
10.70
自引率
6.90%
发文量
117
审稿时长
>12 weeks
期刊介绍: Applied Economic Perspectives and Policy provides a forum to address contemporary and emerging policy issues within an economic framework that informs the decision-making and policy-making community. AEPP welcomes submissions related to the economics of public policy themes associated with agriculture; animal, plant, and human health; energy; environment; food and consumer behavior; international development; natural hazards; natural resources; population and migration; and regional and rural development.
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