Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Comment

Neumark, David; Wascher, William

doi:10.1257/aer.90.5.1362

Cited by 352 publications

(254 citation statements)

References 3 publications

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“…A reassessment of this evidence looked at the unusually high degree of volatility in the employment changes found in the data [5]. The new study collected administrative payroll records from fast-food establishments in the same areas from which the initial study had drawn its sample.…”

Section: World Of Labormentioning

confidence: 99%

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Employment effects of minimum wages

Neumark¹

2014

IZAWOL

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Section: World Of Labormentioning

confidence: 99%

“…When the minimum wage effect was re-estimated with the payroll data, the minimum wage increase in New Jersey led to a decline in employment in New Jersey relative to employment in Pennsylvania [5]. The estimated elasticities ranged from −0.1 to −0.25, with many of the estimates statistically significant.…”

Section: World Of Labormentioning

confidence: 99%

Employment effects of minimum wages

Neumark¹

2014

IZAWOL

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“…Al (1998). still no consensus on the sign of the employment effect of a minimum wage (see, for example, Neumark and Wascher (2000) and Card and Krueger (2000)). At best the impact appears to be small and positive indicating in a monopsony framework that the policy has little impact on worker utility.…”

Section: Section Iii: Discussionmentioning

confidence: 99%

Dealing with monopsony power: Employment subsidies vs. minimum wages

Strobl¹,

Walsh²

2007

Economics Letters

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“…Like many studies before this one (e.g. Katz and Krueger (1992), Card and Krueger (1995), Card and Krueger (2000), Neumark and Wascher (2000), Aaronson and French (2007) and Aaronson, French, and MacDonald (2008)), we concentrate specifically on limited service establishments, which are especially strong users of minimum wage labor. 8…”

Section: Datamentioning

confidence: 99%

Firm Dynamics and the Minimum Wage: A Putty-Clay Approach

2013

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We document two new findings about the industry-level response to minimum wage hikes. First, restaurant exit and entry both rise following a hike. Second, there is no change in employment among continuing restaurants. We develop a model of industry dynamics based on putty-clay technology that is consistent with these findings. In the model, continuing restaurants cannot change employment, and thus industry-level adjustment occurs gradually through exit of labor-intensive restaurants and entry of capital-intensive restaurants. We also show that the putty-clay model matches many other findings in the empirical minimum wage literature, including a small short run disemployment effect of the minimum wage and complete price pass-through. Interestingly, however, the putty-clay model produces a larger long run disemployment effect of the minimum wage.

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Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Comment

Cited by 352 publications

References 3 publications

Employment effects of minimum wages

Employment effects of minimum wages

Dealing with monopsony power: Employment subsidies vs. minimum wages

Firm Dynamics and the Minimum Wage: A Putty-Clay Approach

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