If money were about math,none of us would be carrying any debt. The numbers are simple. What's complicatedis what we do with money. We usemoney to soothe our feelings and buy respect,to show how much we care or howlittle. We don't simply earn, save, andspend money: we flirt with it, crave it, andsc[...]

David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public po[...]