Minimum Wage Shocks, Employment Flows, and Labor Market Frictions
利用美国州界政策不连续性，首次估计最低工资对就业流动的影响，发现其对流动有显著负效应，但对就业存量无影响，且分离与入职均下降，尤其低任期工人，非就业时长不变，支持内生分离的搜索模型。
We provide the first estimates of the effects of minimum wages on employment flows in the US labor market, identifying the impact by using policy discontinuities at state borders. We find that minimum wages have a sizable negative effect on employment flows but not on stocks. Separations and accessions fall among affected workers, especially those with low tenure. We do not find changes in the duration of nonemployment for separations or hires. This evidence is consistent with search models with endogenous separations.