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- Title
State-Level Estimates of Minimum Wage Effects.
- Authors
Neumark, David; Wascher, William
- Abstract
Research using state-level data to estimate minimum wage effects on employment follows the textbook treatment of minimum wages, assuming that minimum wages are binding and that labor markets are competitive. We present an alternative method of estimating minimum wage effects using similar data that relaxes these assumptions, using a disequilibrium approach. Applying this approach to the data and sample period used in many earlier state-level studies suggests that simple state-level reduced-form estimates of minimum wage effects on employment depend on the sample used, and may badly understate the disemployment effects of a binding minimum wage.
- Subjects
MINIMUM wage; LABOR market; INDUSTRIAL relations; WAGE differentials; HUMAN capital; LABOR supply
- Publication
Journal of Human Resources, 2002, Vol 37, Issue 1, p35
- ISSN
0022-166X
- Publication type
Article
- DOI
10.2307/3069603