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Autoren: 
Horton, John
Datum: 
2017
Schriftenreihe/Nr.: 
CESifo Working Paper No. 6548
Zusammenfassung: 
Minimum hourly wages were randomly imposed on firms posting job openings in an online labor market. A higher minimum wage raised the wages of hired workers substantially. However, there was some reduction in hiring and large reductions in hours-worked. Treated firms hired more productive workers, which can explain, in part, the reduction in hours-worked: with more productive workers, projects were completed in less time. At the conclusion of the experiment, the platform imposed a market-wide minimum wage. A difference-in-differences analysis shows that, in equilibrium, firms still substitute towards more productive workers, adversely affecting less productive workers.
Schlagwörter: 
minimum wages
field experiments
hiring
JEL: 
J01
J08
Dokumentart: 
Working Paper

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