| Autor: |
Velayoudom Marimoutou, Stephen Bazen |
| Jazyk: |
angličtina |
| Rok vydání: |
2018 |
| Předmět: |
|
| Zdroj: |
International Journal for Re-Views in Empirical Economics, Vol 2, Iss 2018-5, Pp 1-13 (2018) |
| Druh dokumentu: |
article |
| ISSN: |
2566-8269 |
| DOI: |
10.18718/81781.9 |
| Popis: |
In 2002 we published a paper in which we used state space time series methods to analyse the teenage employment-federal minimum wage relationship in the US (Bazen and Marimoutou, 2002).The study used quarterly data for the 46 year period running from 1954 to 1999. We detected a small, negative but statistically significant effect of the federal minimum wage on teenage employment, at a time when some studies were casting doubt on the existence of such an effect. In this note we re-estimate the original model with a further 16 years of data (up to 2015). We find that the model satisfactorily tracks the path of the teenage employment-population ratio over this 60 year period, and yields a consistently negative and statistically significant effect of minimum wages on teenage employment. The conclusion reached is the same as in the original paper, and the elasticity estimates very similar: federal minimum wage hikes lead to a reduction in teenage employment with a short run elasticity of around −0.13. The estimated long run elasticity of between −0.37 and −0.47 is less stable, but is nevertheless negative and statistically significant. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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