New Research on the Minimum Wage

From UCSD economist Jeffrey Clemens:

The Minimum Wage as well as the Great Recession: Evidence from the Current Population Survey

I analyze recent federal minimum wage increases using the Current Population Survey. The relevant minimum wage increases were differentially binding across states, generating natural comparing groups. I offset approximate a measure difference-in-differences model on samples restricted to relatively low-skilled individuals, every bit described past times their ages as well as teaching levels. I too employ a triple-difference framework that utilizes continuous variation inward the minimum wage's seize amongst teeth across science groups. In both frameworks, estimates are robust to adopting a attain of choice strategies, including matching on the size of states' housing declines, to trace organisation human relationship for variation inward the Great Recession's severity across states. My baseline approximate is that this period's sum ready of minimum wage increases reduced occupation amidst individuals ages xvi to xxx amongst less than a high schoolhouse teaching past times 5.6 per centum points. This approximate accounts for 43 percent of the sustained, xiii per centum indicate turn down inward this science group's occupation charge per unit of measurement as well as a 0.49 per centum indicate turn down inward occupation across the sum population ages xvi to 64.

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