Recent moves by the city of Seattle and the states of New York and California to move the minimum wage to $15 per hour have ignited the debate over the labor market effects of raising the minimum wage. Researchers using different methods and control groups often come up with different findings. However, an exhaustive meta-analysis of over 200 empirical studies by Dale Belman and Paul J. Wolfson offers the strongest evidence yet on the effects of the minimum wage on employment, wages, poverty and inequality, and effect by gender. Read more.
Meanwhile, recent Upjohn Institute working papers show that the pass-through effect of minimum wage increases on prices is smaller than previously thought; small raises in the minimum wage lead to slower wage growth for low-wage workers; and that the minimum wage reduces job growth over a period of several years with the effects being strongest for younger workers and for those in industries with a higher proportion of low-wage-workers:
- Introductory chapter of What Does the Minimum Wage Do? by Dale Belman and Paul J. Wolfson.
- "Payroll, Revenue and Labor Demand Effects of the Minimum Wage" by Ekaterina Jardim and Emma van Inwegen
- "The New Minimum Wage Research" by Dale Belman and Paul J. Wolfson
- "The Effects of Increasing the Minimum Wage on Prices: Analyzing the Incidence of Policy Design and Context," by Daniel MacDonald and Eric Nilsson
- "Who Benefits from a Minimum Wage Increase?" by John W. Lopresti and Kevin J. Mumford
- "Effects of the Minimum Wage on Employment Dynamics" by Jonathan Meer and Jeremy West
- "Wage Shocks and the Technological Substitution of Low-Wage Jobs" by Daniel Aaronson and Brian J. Phelan
Also of interest – "Ranking Firms Using Revealed Preference and Other Essays about Labor Markets" by Isaac Sorkin