| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26523 |
| 来源ID | Working Paper 26523 |
| Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses? | |
| Sudheer Chava; Alexander Oettl; Manpreet Singh | |
| 发表日期 | 2019-12-09 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Do increases in federal minimum wage impact the financial health of small businesses? Using intertemporal variation in whether a state’s minimum wage is bound by the federal rate and credit-score data for approximately 15.2 million establishments for the period 1989–2013, we find that increases in the federal minimum wage worsen the financial health of small businesses in the affected states. Small, young, labor-intensive, minimum-wage sensitive establishments located in the states bound to the federal minimum wage and those located in competitive and low-income areas experience higher financial stress. Increases in the minimum wage also lead to lower bank credit, higher loan defaults, lower employment, a lower entry and a higher exit rate for small businesses. The results are robust to using nearest-neighbor matching and geographic regression discontinuity design. Our results document some potential costs of a one-size-fits-all nationwide minimum wage, and we highlight how it can have an adverse effect on the financial health of some small businesses. |
| 主题 | Financial Economics ; Corporate Finance ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w26523 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584197 |
| 推荐引用方式 GB/T 7714 | Sudheer Chava,Alexander Oettl,Manpreet Singh. Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26523.pdf（936KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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