John Ioannidis on Statistical Significance, Economics, and Replication
EconTalk
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Minimum Wage
The impact of a minimum wage on employment is the central question in the area of minimum wage policy. Does it reduce or even expand potentially, which I think is crazy, but okay, a lot of people don't agree. The median power for that particular question was something like eight or nine percent. It is 8.5%.
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