Effects of the Minimum Wage on U.S. County Labor Markets

Dawn Otterby, Andrew Crawley and Todd Gabe

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the impacts of the minimum wage on U.S. regional labor markets. The empirical analysis uses panel data covering ten years and (most) U.S. counties to examine the relationship between the minimum wage and several key components of the labor market. Following past research, we use data on the number of people in the labor force to represent labor supply, but—as an extension to the literature—we use job postings data as a measure of labor demand. Consistent with previous studies, our findings show a positive relationship between the number of people in the labor force and a county’s minimum wage. The results, however, show that the relationship between job postings and the minimum wage is not statistically significant in the full-sample analysis of U.S. counties. Additional analyses also suggest that metropolitan and urban labor markets react differently to changes in the minimum wage when compared to their non-metropolitan and rural counterparts.

Keywords: Minimum Wage; U.S. Counties; Job Postings (search for similar items in EconPapers)
JEL-codes: J38 J64 R11 R50 (search for similar items in EconPapers)
Date: 2023-01-20
New Economics Papers: this item is included in nep-geo, nep-lma and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116162

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