EconPapers    
Economics at your fingertips  
 

Getting Handcuffs on an Octopus

R. Gittings () and Ian Schmutte

ILR Review, 2016, vol. 69, issue 5, 1133-1170

Abstract: Theoretical work on minimum wage policy emphasizes labor market dynamics, but the resulting implications for worker mobility remain largely untested. The authors show that in the teenage labor market, higher minimum wage standards reduce worker flows and increase job stability. Furthermore, they find that the employment effects of a relatively higher minimum wage vary considerably across markets with different levels of turnover and labor market tightness. Results help to explain the small effects of minimum wage standards on employment commonly found in the aggregate data and are consistent with labor market models that involve search frictions.

Keywords: minimum wage; job flows; turnover; unemployment (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (56)

Downloads: (external link)
http://ilr.sagepub.com/content/69/5/1133.abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:ilrrev:v:69:y:2016:i:5:p:1133-1170

Access Statistics for this article

More articles in ILR Review from Cornell University, ILR School
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2025-03-31
Handle: RePEc:sae:ilrrev:v:69:y:2016:i:5:p:1133-1170