State Minimum Wages, Employment, and Wage Spillovers: Evidence from Administrative Payroll Data
利用行政工资数据，研究了最低工资对就业和工资的复杂影响，发现企业主要通过减少招聘来降低低工资工人数量，且工资溢出效应有限，仅影响最低工资以上2.5美元内的工人。
We use administrative payroll data to estimate the effect of the minimum wage on employment and wages. We find that both effects are nuanced. While the overall number of low-wage workers in firms declines, incumbent workers are no less likely to remain employed. We find that firms reduce employment primarily through hiring, and there is significant heterogeneity across the nontradable and tradable sectors. For wages, we find modest spillovers extending up to $2.50 above the minimum wage. Spillovers accrue to both incumbent workers and new hires, but only within firms that employ a significant fraction of low-wage workers.