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Title:Long-term impact of youth minimum wages: evidence from two decades of individual longitudinal data PDF Logo
Authors:Cardoso, Ana Rute
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4236
Abstract:This paper quantifies the long-run impact of exposure to youth minimum wages and sheds light on its mechanisms. It uses remarkable longitudinal data spanning for twenty years and explores legislative changes that define groups of teenagers exposed for different durations. After controlling for the contemporaneous impact of the minimum wage, its long-run impact translates into: an overall wage premium, consistent with an upgrading in the quality of jobs offered; a flatter tenure-earnings profile, consistent with lower initial investment in firm-specific training. Interestingly, the overall wage premium increases with exposure and the tenure-earnings profile is flatter the longer the exposure.
Subjects:Skill formation
human capital investment
on-the-job-training
career
long-term
linked employer-employee data
JEL:J08
J31
J24
J38
Persistent Identifier of the first edition:urn:nbn:de:101:1-20090622190
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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