Skip to content

Higher labor costs reduce employment. That is why President Clinton's proposal to raise the federal minimum wage should be rejected. A higher minimum will further reduce the employment opportunities of workers with few skills.

— Gary Becker

Another quote →

More quotes by Gary Becker

The phrase ‘marriage market’ is used metaphorically and signifies that the mating of human populations is highly systematic and structured.

The bumping of lower-quality men out of their marriages through competitive reductions in the incomes of higher-quality men continues until the incomes of the lowest quality men are reduced to their single levels.

[A] revenue-neutral carbon tax would benefit all Americans by eliminating the need for costly energy subsidies while promoting a level playing field for energy producers.

[Gale and Shapley assumed that each person has] a given ranking [among] potential mates that determines rather than is determined by the equilibrium sorting.

An efficient marriage market develops ‘‘shadow’’ prices to guide participants to marriages that will maximize their expected well-being. These prices, central to the analysis in this chapter and the subsequent one, are responsible for the more powerful implications found in these chapters than in traditional discussions of marriage. Some other approaches are evaluated in Chapter 4.

All Gary Becker quotes →

Attribution

Quote text and notes from Wikiquote: Gary Becker (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.