Minimum Wages and Youth Employment
MPRA Paper from University Library of Munich, Germany
Significant employment differences between the US and Europe are concentrated among young workers. This paper constructs a labor search model that accounts for age patterns of employment. Work experience reduces the probability that workers lose their jobs. By introducing minimum wages, the model explains empirical findings on the effects of minimum wage laws. In addition, the model shows that minimum wages can account for about half of the differences in youth employment between Europe and the United States.
Keywords: Minimum wages; youth employment; France; United States (search for similar items in EconPapers)
JEL-codes: E24 J64 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-mac
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Journal Article: Minimum wages and youth unemployment (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25296
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