A Reassessment of the New Economics of the Minimum Wage Literature with Monthly Data from the Current Population Survey
使用1979至1997年月度当前人口调查数据，重新评估联邦最低工资上调对就业的影响，发现控制宏观经济条件的方法差异是文献分歧的关键，并一致得出最低工资上调对青少年就业有显著但温和的负面影响。
We estimate the employment effects of federal minimum wage increases using monthly Current Population Survey (CPS) data from 1979 through 1997. We find that the empirical differences in the new minimum wage literature based on CPS data primarily can be traced to alternative methods of controlling for macroeconomic conditions. We argue that the macroeconomic controls commonly included in models where no employment impact is found are inappropriate. We consistently find a significant but modest negative relationship between minimum wage increases and teenage employment using alternative controls or allowing employer responses to the policy to occur with some delay. Copyright 2000 by University of Chicago Press.