The effect of the minimum wage on employment and hours |
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Authors: | Madeline Zavodny |
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Institution: | Research Department, Federal Reserve Bank of Atlanta, 104 Marietta Street, Atlanta, GA 30303, USA |
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Abstract: | This study examines the effect of minimum wage increases on teen hours of work and employment using both state- and individual-level panel data in the US. The state-level results indicate that minimum wage increases may lower employment rates but do not adversely affect hours among either working teens or all teens. The individual-level results do not indicate that minimum wage increases have a significant negative effect on hours worked by low-wage teens who are likely to be affected by a minimum wage increase. The results suggest that low-wage teens are less likely to remain employed, relative to high-wage teens, when the minimum wage is raised. However, this adverse effect disappears when these low-wage teens are compared to other low-wage teens during periods when the minimum wage did not increase. |
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Keywords: | Minimum wage Hours Teens |
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