Effects of the Minimum Wage on Employment Dynamics
研究最低工资如何通过影响就业增长而非立即降低就业水平来影响就业，使用行政数据发现最低工资在几年内会减少就业增长。
Abstract The voluminous literature on minimum wages offers little consensus on the extent to which a wage floor impacts employment. We argue that the minimum wage will impact employment over time through changes in growth rather than an immediate drop in relative employment levels. We show that commonly used specifications in this literature, especially those that include state-specific time trends, will not accurately capture these effects. Using three separate state panels of administrative employment data, we find that the minimum wage reduces job growth over a period of several years. This finding is supported using several empirical specifications.