Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws

David Neumark and William Wascher

ILR Review, 1992, vol. 46, issue 1, 55-81

Abstract: Using panel data on state minimum wage laws and economic conditions for the years 1973–89, the authors reevaluate existing evidence on the effects of a minimum wage on employment. Their estimates indicate that a 10% increase in the minimum wage causes a decline of 1–2% in employment among teenagers and a decline of 1.5–2% in employment for young adults, similar to the ranges suggested by earlier time-series studies. The authors also find evidence that youth subminimum wage provisions enacted by state legislatures moderate the disemployment effects of minimum wages on teenagers.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ilrrev:v:46:y:1992:i:1:p:55-81

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