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来源类型Working Paper
规范类型报告
DOI10.3386/w18681
来源IDWorking Paper 18681
Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater?
David Neumark; J.M. Ian Salas; William Wascher
发表日期2013-01-16
出版年2013
语种英语
摘要We revisit the minimum wage-employment debate, which is as old as the Department of Labor. In particular, we assess new studies claiming that the standard panel data approach used in much of the "new minimum wage research" is flawed because it fails to account for spatial heterogeneity. These new studies use research designs intended to control for this heterogeneity and conclude that minimum wages in the United States have not reduced employment. We explore the ability of these research designs to isolate reliable identifying information and test the untested assumptions in this new research about the construction of better control groups. Our evidence points to serious problems with these research designs. Moreover, new evidence based on methods that let the data identify the appropriate control groups leads to stronger evidence of disemployment effects, with teen employment elasticities near −0.3. We conclude that the evidence still shows that minimum wages pose a tradeoff of higher wages for some against job losses for others, and that policymakers need to bear this tradeoff in mind when making decisions about increasing the minimum wage.
主题Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w18681
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/576376
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David Neumark,J.M. Ian Salas,William Wascher. Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater?. 2013.
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