Subjective well‐being and minimum wages: Evidence from U.S. states
利用2005-2010年美国各州月度最低工资和个人层面数据，研究发现最低工资每提高10%，未获得高中文凭的工人生活满意度上升0.03分（4分量表），且未发现自雇者幸福感受损的证据。
This paper investigates whether increases in minimum wages are associated with higher life satisfaction by using monthly-level state minimum wages and individual-level data from the 2005-2010 Behavioral Risk Factor Surveillance System. The magnitude I find suggests that a 10% increase in the minimum wage is associated with a 0.03-point increase in life satisfaction for workers without a high school diploma, on a 4-point scale. Contrary to popular belief that higher minimum wages hurt business owners, I find little evidence that higher minimum wages lead to the loss of well-being among self-employed people.