From UCSD economist Jeffrey Clemens:
The Minimum Wage together with the Great Recession: Evidence from the Current Population Survey
I analyze recent federal minimum wage increases using the Current Population Survey. The relevant minimum wage increases were differentially binding across states, generating natural comparing groups. I outset guess a criterion difference-in-differences model on samples restricted to relatively low-skilled individuals, every bit described past times their ages together with teaching levels. I too employ a triple-difference framework that utilizes continuous variation inwards the minimum wage's seize with teeth across science groups. In both frameworks, estimates are robust to adopting a gain of choice strategies, including matching on the size of states' housing declines, to trouble organisation human relationship for variation inwards the Great Recession's severity across states. My baseline guess is that this period's amount ready of minimum wage increases reduced work with individuals ages xvi to thirty with less than a high schoolhouse teaching past times 5.6 pct points. This guess accounts for 43 percent of the sustained, thirteen pct betoken turn down inwards this science group's work charge per unit of measurement together with a 0.49 pct betoken turn down inwards work across the amount population ages xvi to 64.Sumber https://gregmankiw.blogspot.com/
