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- W3010154077 abstract "The theoretical literature argues that labor markets outcomes are affected by real minimum wages. Real minimum wages, however, co-move with the business cycle; their correlation with labor market outcomes should therefore not be interpreted causally. We employ structural vector autoregression to distinguish between endogenous variation in real minimum wages, e.g. due to changes in the stance of the business cycle, and exogenous shocks. Impulse responses show that in the US, real minimum wage shocks increased teen wages and lowered employment and working hours of teenagers." @default.
- W3010154077 created "2020-03-13" @default.
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- W3010154077 date "2019-01-01" @default.
- W3010154077 modified "2023-09-23" @default.
- W3010154077 title "Labor market effects of minimum wage shocks" @default.
- W3010154077 hasPublicationYear "2019" @default.
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