Discontinuous Distributions and Missing Persons: The Minimum Wage and Unemployed Youth
分布不连续与缺失个体:最低工资与失业青年
The effects of minimum wage legislation on the employment and wage rates of youth are estimated using a new statistical approach.We find that without the minimum, not only would the percent of out-of-school youth who are employed be 4 to 6 percent higher than it is, but also that these youth would earn more.In particular, the expected hourly earnings of youth with market wage rates below the 1978 minimum are 10 percent lower with the minimum than they would be without…