This paper finds an insignificant negative correlation between youth employment and minimum wages for the panel of U.S. states, 1976-2015. Such a correlation is not observed in earlier panels. The source of the new results is traced to the greatest decline in employment-population ratio since the 1970s emerging during the financial crisis of 2008. Moreover, I discuss the likely causes of the recent sharp decline in employment-population ratio and propose that more factors should be taken into account when examining the effect of the minimum wage policy.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-2447 |
| Date | 01 January 2016 |
| Creators | Xue, Bai |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | © 2016 Bai Xue |
Page generated in 0.0019 seconds