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The Elusive Employment Effect of the Minimum Wage
Journal of Economic Perspectives ( IF 9.944 ) Pub Date : 2021-02-03 , DOI: 10.1257/jep.35.1.3
Alan Manning 1
Affiliation  

It is hard to find a negative effect on the employment effect of rises in the minimum wage: the elusive employment effect. It is much easier to find an impact on wages. This paper argues the elusive employment effect is unlikely to be solved by better data, methodology, or specification. The reasons for the elusive employment effect are the factors contributing to why the link between higher minimum wages and higher labor costs are weaker than one might think and because imperfect competition is pervasive in the labor market.

中文翻译:

最低工资难以捉摸的就业效应

很难找到最低工资上涨对就业效应的负面影响:难以捉摸的就业效应。发现对工资的影响要容易得多。本文认为,难以捉摸的就业效应不太可能通过更好的数据、方法或规范来解决。难以捉摸的就业效应的原因是为什么较高的最低工资和较高的劳动力成本之间的联系比人们想象的要弱,而且不完全竞争在劳动力市场上普遍存在。
更新日期:2021-02-03
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