| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17026 |
| DP17026 What is the optimal minimum wage? | |
| Yujiang River Chen; Coen N. Teulings | |
| 发表日期 | 2022-02-10 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | The extensive literature on minimum wages has found evidence for the compression of relative wages and mixed results for employment. This literature has been plagued by a number of problems. First, the median-minimum wage ratio is used as the independent variable, where the median is endogenous. Second, it is difficult to disentangle compression of relative wages and truncation due to employment effects. Third, all effects are likely to depend on the initial level of the minimum. Fourth, employment effects are likely to differ between worker types. We offer solutions for these problems, by using instruments for the median, by using data on personal characteristics, and by using a flexible specification. We apply our method to US data starting from 1979, allowing for a wide variation in minimum wages. We find strong compression and positive employment effects for the lower half of the distribution, persisting for quite high levels of the minimum. |
| 主题 | Labour Economics |
| 关键词 | Minimum wages Us Employment effects Wage dispersion Wage share |
| URL | https://cepr.org/publications/dp17026 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545972 |
| 推荐引用方式 GB/T 7714 | Yujiang River Chen,Coen N. Teulings. DP17026 What is the optimal minimum wage?. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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