Economics, Econometrics and Finance
4 years ago

Minimum wage increase boosts low-skill employment and reduces wage inequality.

2 views
SSRN Electronic Journal
Employment and Distribution Effects of the Minimum Wage
Fabián Slonimczyk, Peter Skøtt

Paper Summary

The minimum wage can affect wage inequality, employment, and over-education. Increasing the minimum wage can lead to more jobs for low-skilled workers and reduce wage inequality. Studies in the US show that as the minimum wage decreases, low-skilled workers face worse job prospects and lower wages.

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