Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/223728 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13286
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This paper presents results from the fourth year of a multi-year, pre-committed research design for analyzing recent minimum wage changes. Using ACS and CPS data through 2018, we find that relatively large minimum wage increases reduced employment among low-skilled individuals by roughly 2.5 percentage points. The effects of smaller statutory increases and inflation-indexed increases vary across data sets and specifications, but are generally not distinguishable from zero. The relationship between minimum wage increases and employment is quite strongly negative in states that began enacting substantial increases between 2013 and 2015. In states that began enacting increases later in the economic expansion, estimates are more variable and tend towards zero.
Subjects: 
minimum wages
employment
pre-commitment
JEL: 
J08
J23
J38
Document Type: 
Working Paper

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