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- Title
Impact of the Minimum Wage on Youth Labor Markets.
- Authors
Liu, Shanshan; Hyclak, Thomas J.; Regmi, Krishna
- Abstract
We study the effect of the minimum wage on labor market outcomes for young workers using US county-level panel data from the first quarter of 2000 to the first quarter of 2009. We go beyond the usual estimates of earnings and employment effects to consider how differences across states in the minimum wage affect worker turnover via separations and accessions and job turnover through new job creation and job losses. We find that a higher minimum wage level is associated with higher earnings, lower employment and reduced worker turnover for those in the 14-18 age group. For workers aged 19-21 and 22-24, we find less consistent evidence of minimum wage effects on earnings and employment. But, even for these age groups, a higher minimum wage is found to reduce accessions, separations and the turnover rate.
- Subjects
UNITED States; MINIMUM wage; LABOR market; LABOR turnover; YOUNG workers; EMPLOYMENT; ATTITUDE (Psychology)
- Publication
LABOUR: Review of Labour Economics & Industrial Relations, 2016, Vol 30, Issue 1, p18
- ISSN
1121-7081
- Publication type
Article
- DOI
10.1111/labr.12071