English

王武毅(合作者:Peter C. B. Phillips, Liangjun Su), "The heterogeneous effects of the minimum wage on employment across states," Economics Letters (2018)

2018-11-05
摘要The heterogeneous effects of the minimum wage on employment across states

近日,我院助理教授王武毅的合作论文”The heterogeneous effects of the minimum wage on employment across states"(合作者Peter C. B. Phillips: Yale University; Liangjun Su: Singapore Management University)被国际期刊Economics Letters接受。


Abstract:

This paper studies the relationship between the minimum wage and the employment rate in the US using the framework of a panel structure model. The approach allows the minimum wage, along with some other controls, to have heterogeneous effects on employment across states which are classified into a group structure. The effects on employment are the same within each group but differ across different groups. The number of groups and the group membership of each state are both unknown a priori. The approach employs the C-Lasso technique, a recently developed classification method that consistently estimates group structure and leads to the oracle-efficient estimation of the coefficients. An empirical application of C-Lasso to a US restaurant industry panel over the period 1990--2006 leads to the identification of four separate groups at the state level. The findings reveal substantial heterogeneity in the impact of the minimum wage on employment across groups, with both positive and negative effects and geographical patterns manifesting in the data. The results provide some new perspectives on the prolonged debate on the impact of minimum wage on employment. 


个人简介:

王武毅,暨南大学经济与社会研究院助理教授。本科毕业于浙江大学,获管理学学士学位。硕士毕业于武汉大学,获经济学硕士学位。博士毕业于新加坡管理大学,获经济学博士学位。研究领域为计量经济学理论,应用计量经济学。



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