Minimum wage effects on hours, employment, and number of firms: The iowa case

摘要

V. Conclusions Our results show that minimum wages reduce employment opportunities for workers. Like the early studies, our county-level (more aggregate) estimates imply fairly modest impacts with elasticities of approximately -0.1. However, our firm-level estimates for subminimum workers imply much more elastic responses. In particular, hours elasticities are in the elastic range.