The Effects of Minimum Wages on Employment: Theory and Evidence from Britain
提出一个一般理论模型，允许最低工资对就业产生负面、中性或正面影响，并基于1975-1992年英国行业工资委员会的数据，发现最低工资显著压缩了收入分布，但对就业没有负面影响。
Recent work on the economic effects of minimum wages has stressed that the standard economic model, where increases in minimum wages depress employment, is not supported by empirical work in some labor markets. We present a general theoretical model whereby employers have some degree of monopsony power, which allows minimum wages to have the conventional negative impact on employment but which also allows for a neutral or positive impact. Studying the industry-based British Wages Councils between 1975 and 1992, we find that minimum wages significantly compress the distribution of earnings but do not have a negative impact on employment. I.