Minimum Wages in the 21st Century

Arindrajit Dube and Attila Lindner
Additional contact information
Attila Lindner: UCL

No 2425, RF Berlin - CReAM Discussion Paper Series from Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM)

Abstract: This chapter surveys the literature on the impact of minimum wages on low-wage labor markets. We describe and critically review the empirical methods in the new minimum wage literature, particularly those leveraging quasi-experimental variation. We provide a quantitative overview of the most recent evidence on the employment and wage effects of the policy, while also exploring emerging research on its impact on other margins, including amenities, other inputs (such as capital and high-skilled workers), firm entry and exit, output prices and demand, profits, and productivity. This approach allows us to present a comprehensive picture of how minimum wage policies affect firms, workers, and labor markets. We also review the evidence on the policy’s impact on wage inequality and income distribution. Finally, we discuss how these effects can vary depending on the economic context and the level of a country’s development.

Keywords: minimum wages; labor demand; employment and wage effects; margins of adjustment; inequality (search for similar items in EconPapers)
Date: 2024-10
New Economics Papers: this item is included in nep-inv and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rfberlin.com/wp-content/uploads/2024/10/24025.pdf (application/pdf)

Related works:
Working Paper: Minimum Wages in the 21st Century (2024)
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:crm:wpaper:2425

Access Statistics for this paper

More papers in RF Berlin - CReAM Discussion Paper Series from Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM) Contact information at EDIRC.
Bibliographic data for series maintained by CReAM Administrator () and Matthew Nibloe ().