Recent U.S. studies offer conflicting evidence on minimum wage impacts. This paper studies the effects of 185 amendments to minimum wage on employment rates using panel data across Canadian provinces from 1981 to 2011. Ordinary least squares and instrumental variables (IV) estimates imply a 10% increase in minimum wage is associated with a 1%–4% reduction to employment rates for both male and female teens. We also find that an increase in the minimum wage is associated with lower employment of prime‐aged immigrants. Our results are robust to a wide array of IV and the use of controls for spatial heterogeneity. (JEL J30, J71, J23)
This paper investigates gender differences in portfolio risk among Canadian men and women and finds that, controlling for a variety of personal and household characteristics, never married men, born post-1966, hold significantly higher risk portfolios relative to single women and married couples. Conversely, observed gender differences among pre-1943 birth cohorts are primarily driven by disparities in characteristics rather than gender or marital status. Previously married women, born 1955-1966, have remarkably high predicted portfolio risk relative to other women and men in the same cohort.Résumé. Différences entre genres face aux risques de portefeuille selon la cohorte de naissance et le statut matrimonial. Ce texte examine les différences face aux risques de portefeuille entre les hommes et les femmes canadiennes, en contrôlant pour diverses caractéristiques personnelles ou des ménages. Les hommes qui ne se sont jamais mariés, nés après 1966, détiennent des portefeuilles au coefficient de risque plusélevé de maniére significative que ceux détenus par les femmes célibataires ou les couples mariés. A contrario, les différences entre hommes et femmes, pour les cohortes nées avant 1943, sont co-reliéesà des caractéristiques autres que le sexe ou le statut matrimonial. Les femmes mariées antérieurement et nées entre 1955 et 1966 ont des portefeuilles dont le coefficient de risque prédit est plusélevé et de manière marquée que celui des portefeuilles des autres femmes et hommes de la même cohorte. JEL classification: G11, J12, J16
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