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http://hdl.handle.net/10419/64224
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| Title: | | Employment and distribution effects of the mnimum wage  |
| Authors: | | Slonimczyk, Fabián Skott, Peter |
| Issue Date: | | 2012 |
| Series/Report no.: | | Working Paper, University of Massachusetts, Department of Economics 2012-05 |
| Abstract: | | This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality. Evidence from the US suggests that these theoretical results are empirically relevant. The over-education rate has been increasing and our regression analysis suggests that the decrease in the minimum wage may have led to a deterioration of the employment and relative wage of low-skill workers. |
| Subjects: | | minimum wage earnings inequality monopsony efficiency wage over-education |
| JEL: | | J31 J41 J42 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Department of Economics, University of Massachusetts
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