Do Lower Minimum Wages for Young Workers Raise Their Employment? Evidence from a Danish Discontinuity
成果类型：
Article
署名作者：
Kreiner, Claus Thustrup; Reck, Daniel; Skov, Peer Ebbesen
署名单位：
University of Copenhagen; Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Auckland University of Technology
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.1162/rest_a_00825
发表日期：
2020-05
页码：
339-354
关键词：
摘要：
We estimate the impact of youth minimum wages on youth employment by exploiting a large discontinuity in Danish minimum wage rules at age 18, using monthly payroll records for the Danish population. The hourly wage jumps by 40% at the discontinuity. Employment falls by 33%, and total input of hours decreases by 45%, leaving the aggregate wage payment almost unchanged. We show theoretically how the discontinuity may be exploited to evaluate policy changes. The relevant elasticity for evaluating the effect on youth employment of changes in their minimum wage is in the range 0.6 to 1.1.
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