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Minimum Wage Effects throughout the Wage Distribution
This paper provides evidence on a wide set of margins along which labor markets can adjust in response to increases in the minimum wage, including wages, hours, employment, and ultimately laborExpand
Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws
Using panel data on state minimum wage laws and economic conditions for the years 1973–89, the authors reevaluate existing evidence on the effects of a minimum wage on employment. Their estimatesExpand
Revisiting the Minimum Wage—Employment Debate: Throwing Out the Baby with the Bathwater?
The authors revisit the long-running minimum wage–employment debate to assess new studies claiming that estimates produced by the panel data approach commonly used in recent minimum wage research areExpand
Minimum Wages and Employment
TLDR
There is a wide range of existing estimates and, accordingly, a lack of consensus about the overall effects on low-wage employment of an increase in the minimum wage, but the oft-stated assertion that recent research fails to support the traditional view that the minimum Wage reduces the employment of low- Wage workers is clearly incorrect. Expand
Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy
The recent financial crisis and ensuing recession appear to have put the productive capacity of the economy on a lower and shallower trajectory than the one that seemed to be in place prior to 2007.Expand
Minimum Wages, Labor Market Institutions, and Youth Employment: A Cross-National Analysis
The authors estimate the employment effects of changes in national minimum wages using a pooled cross-section time-series data set comprising 17 OECD countries for the period 1975–2000. The averageExpand
Compensating Differentials and Evolution in the Quality-of-Life Among U.S. States
This paper provides the first application of the compensating differential paradigm to the evaluation of the extent and sources of evolution in state quality-of-life. The compensating differentialsExpand
Labor Force Participation: Recent Developments and Future Prospects
Since 2007, the labor force participation rate has fallen from about 66 percent to about 63 percent. The sources of this decline have been widely debated among academics and policymakers, with someExpand
Inflation, Nominal Wage Rigidity, and the Efficiency of Labor Markets
If nominal wages cannot fall, then positive inflation may facilitate real wage adjustment. We examine data on individuals' wage changes and find only limited evidence of such downward nominalExpand
Labor Force Participation: Recent Developments and Future Prospects
Since 2007, the labor force participation rate has fallen from about 66 percent to about 63 percent. The sources of this decline have been widely debated among academics and policymakers, with someExpand
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