Employment and wage effects ofminimum wage policy

Speaker: Ferran Elías

Institution: Universitat de València

Presentation of his research in which he estimates the effect of the minimum wage for the entire wage distribution of workers, using a new empirical approach that is particularly appropriate for national-level changes in the minimum wage. In particular, it uses the old wage distributions to develop a counterfactual using the difference-in-differences technique.
The results include negative employment effects, large wage growth for the affected workers and a significant increase in wages across the distribution. The employment adjustment occurs through an increase in layoffs and a decrease in inflows.

Date: 09/06/2023

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