Subjective well‐being and minimum wages: Evidence from U.S. states

Masanori Kuroki

Health Economics, 2018, vol. 27, issue 2, e171-e180

Abstract: This paper investigates whether increases in minimum wages are associated with higher life satisfaction by using monthly‐level state minimum wages and individual‐level data from the 2005–2010 Behavioral Risk Factor Surveillance System. The magnitude I find suggests that a 10% increase in the minimum wage is associated with a 0.03‐point increase in life satisfaction for workers without a high school diploma, on a 4‐point scale. Contrary to popular belief that higher minimum wages hurt business owners, I find little evidence that higher minimum wages lead to the loss of well‐being among self‐employed people.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://doi.org/10.1002/hec.3577

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:wly:hlthec:v:27:y:2018:i:2:p:e171-e180

Access Statistics for this article

Health Economics is currently edited by Alan Maynard, John Hutton and Andrew Jones

More articles in Health Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().