Is there a minimum wage biting in Puerto Rico? Updating the debate |
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| Authors: | Jose Caraballo‐Cueto |
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| Institution: | Business Administration, University of Puerto Rico, Cayey, Puerto Rico, Puerto Rico |
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| Abstract: | This research evaluates the repercussions on employment in Puerto Rico of the latest increases in the minimum wage (made between 2007 and 2009). We find that the increases in the minimum wage to $7.25 had a negative impact on employment in a few small sectors only, and that employment was significantly more affected by output. |
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