The Impact of Minimum Wages on Labour Market Transitions
利用加拿大1979-2008年数据，发现最低工资提高导致雇佣率下降但离职率也下降，离职减少主要来自裁员减少且发生在工作前六个月，对低技能工人各年龄段均如此；老年工人就业率几乎不受影响。
We investigate differences in labour market transition rates between high and low minimum wage regimes using Canadian data spanning 1979–2008. We find that higher minimum wages result in lower hiring rates but also lower job separation rates. Importantly, the reduced separation rates are due mainly to reductions in layoffs, occur in the first six months of a job and are present for unskilled workers of all ages. Thus, jobs in higher minimum wage regimes are more stable but harder to get. For older workers, these effects are almost exactly offsetting, resulting in little impact on the employment rate.