Minimum wages reduce inequality, benefiting women more than men.
The study looked at how minimum wages affect wage inequality in OECD countries. They used data from multiple countries over time to see how changes in minimum wage impact wage differences. The results showed that increasing the minimum wage helps reduce wage inequality for lower-paid workers, especially for women. However, it doesn't have much effect on higher-paid workers. This suggests that raising the minimum wage can help make wages more equal for those at the bottom of the pay scale.