The Distributional Impacts of Minimum Wage Increases When Both Labor Supply and Labor Demand Are Endogenous
The Distributional Impacts of Minimum Wage Increases When Both Labor Supply and Labor Demand Are Endogenous
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DOI：
10.1198/jbes.2010.07076
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发表时间：
2011-01-01
影响因子：
3
通讯作者：
Wessels, Walter
中科院分区：
文献类型：
--
作者：
Ann, Tom;Arcidiacono, Peter;Wessels, Walter
我们开发并估计了一种具有内生企业进入的一次性搜索模型。因此预期利润为零，内生劳动力供给也为零。由于就业水平取决于猎头公司和工人的数量，因此最低工资上涨可能会产生积极的就业影响。福利影响与经典分析类似：最想要最低工资工作的工人因最低工资上涨而受到伤害，而对最低工资工作不太感兴趣的工人则受益。我们使用青少年的 CPS 数据对模型进行了估计，结果表明，就业水平的微小变化掩盖了劳动力供需的巨大变化。来自受过良好教育家庭的青少年的就业机会有所增加，并将弱势群体逐出劳动力市场。本文有在线补充材料。
We develop and estimate a one-shot search model with endogenous firm entry. and therefore zero expected profits, and endogenous labor supply. Positive employment effects from a minimum wage increase can result as the employment level depends upon both the numbers of searching firms and workers. Welfare implications are similar to the classical analysis: workers who most want the minimum wage jobs are hurt by the minimum wage hike with workers marginally interested in minimum wage jobs benefiting. We estimate the model using CPS data on teenagers and show that small changes in the employment level are masking large changes in labor supply and demand. Teenagers from well-educated families see increases in their employment probabilities and push out their less-privileged counterparts from the labor market. This article has supplementary material online.