Minimum Wage Shocks, Employment Flows, and Labor Market Frictions

• 成果类型: Article
• 署名作者: Dube, Arindrajit; Lester, T. William; Reich, Michael
• 署名单位: University of Massachusetts System; University of Massachusetts Amherst; University of North Carolina; University of North Carolina Chapel Hill; University of California System; University of California Berkeley
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/685449
• 发表日期: 2016
• 页码: 663-704
• 关键词: living wages; search; workers; dispersion; outcomes; IMPACT; job

摘要

We provide the first estimates of the effects of minimum wages on employment flows in the US labor market, identifying the impact by using policy discontinuities at state borders. We find that minimum wages have a sizable negative effect on employment flows but not on stocks. Separations and accessions fall among affected workers, especially those with low tenure. We do not find changes in the duration of nonemployment for separations or hires. This evidence is consistent with search models with endogenous separations.