The Effect of Minimum Wages on Low-Wage Jobs: Evidence from the United States Using a Bunching Estimator

Abstract

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Is a Minimum Wage an Appropriate Instrument for Redistribution?

“…Cengiz et al . ). This has led many to question the relevance of the framework of perfectly competitive labour markets (e.g.…”

“…For a number of recent contributions, see Cengiz et al . () on employment and wages, Harasztosi and Lindner () on employment, revenue, profits and capital stocks, and Bell and Machin () on the stock‐market value of firms.…”

State Minimum Wage Changes and Employment: Evidence from 2 Million Hourly Wage Workers

“…Neumark and Wascher [2000], Meer and West [2016], Clemens and Wither [2016]) are others that show the opposite ( e.g. Card and Krueger [1994], Addison et al [2009], Dube et al [2010], Cengiz et al [2018]). One reason for the lack of consensus is data availability.…”

The Econometrics and Economics of the Employment Effects of Minimum Wages: Getting from Known Unknowns to Known Knowns

“…12 As Neumark and Wascher (1994) suggest, given the reduced-form specification, these controls should include exogenous shifters of both labor supply and labor demand. 13 While almost every paper in the literature studies employment outcomes directly, Cengiz et al (2017) instead estimate effects on the shares of workers with wages just below or just at or above the minimum wage. The authors suggest that this approach can avoid biases from changes in employment unrelated to the minimum wage, and generally do not find evidence of job loss.…”