At Harvard (class of '72) he studied mathematics and he maintains his interest in the world of figures, socializing with math professorsandeven moderating a discussion about the solution of Fermat's Last Theorem.
ProfessorsEvenand Macpherson address this by using variation in state-level minimum wages to estimate the impact of the federal minimum wage hike on legal minimum wages in the states.
ProfessorsEvenand Macpherson are able to infer from these differences in treatment that the three-stage minimum wage increase led to a reduction in teenage employment of 6.9% (about 98, 000 jobs) in the nineteen states affected by all three stages.