54 Pages Posted: 20 Dec 2015 Last revised: 14 Dec 2016
Date Written: December 10, 2016
Statistical analysis of the effect of the minimum wage on employment, has been very active for the last quarter century. More than 60 analyses using U.S. data have appeared since the exchange between David Neumark and William Wascher, and David Card and Alan Krueger in the AER (December 2000). This study presents a meta-analysis of the 37 that report results in a way that makes them easily comparable and suitable for this technique. The most important result is that the consensus range of -0.3 to -0.1 has shifted considerably toward the origin: -0.12 to -0.05. We find a moderate degree of publication bias in this literature, but no support for the proposition that the minimum wage has had an important effect on U.S. employment.
Keywords: Minimum Wage, Employment, Meta-Analysis
JEL Classification: J23, J38
Suggested Citation: Suggested Citation
Wolfson, Paul J. and Belman, Dale, 15 Years of Research on U.S. Employment and the Minimum Wage (December 10, 2016). Tuck School of Business Working Paper No. 2705499. Available at SSRN: https://ssrn.com/abstract=2705499 or http://dx.doi.org/10.2139/ssrn.2705499