David Card and Alan B. Krueger received the IZA Prize in Labor Economics in 2006 for their outstanding contributions to the field. This volume provides an overview of their most important work on school quality, differences in wages across groups in the US, and the effect of changes in the minimum wage on employment and wage setting.

David Card is Faculty Research Associate in the National Bureau of Economic Research. He received his B.A. in 1978 at Queen's University (Kingston) and his Ph.D. at Princeton University in 1983. From 1988 to 1992 he was Associate Editor of the Journal of Labor Economics and from 1993 to 1997 co-editor of Econometrica.
Since 1987 Alan B. Kruger has held a joint appointment in the Economics Department and Woodrow Wilson School at Princeton. He is also the Founding Director of the Princeton University Survey Research Center and a Research Associate of the National Bureau of Economic Research. Krueger has published widely on the economics of education, income dispersion, technological change, labor demand, social insurance, health economics, and environmental economics.

• I: Introduction by the Editors: Ingenuity and Creativity - David Card and Alan B. Krueger


• II: School Quality, Earnings, and Black-White Wage Differences


• Introduction


• 1: Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States


• 2: School Quality and Black-White Relative Earnings: A Direct Assessment


• 3: School Resources and Student Outcomes: An Overview of the Literature and New Evidence from North and South Carolina


• 4: Experimental Estimates of Education Production Functions


• III: Minimum Wages and Employment Demand


• Introduction


• 5: Using Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage


• 6: Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania


• 7: A Re-Analysis of the Effect of the New Jersey


• 8: Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts


• IV: Concluding Thoughts