000			03067cam a22004097 4500
001			w28399
003			NBER
005			20211020103325.0
006			m o d
007			cr cnu||||||||
008			210910s2021 mau fo 000 0 eng d
100	1		_aCengiz, Doruk.
245	1	0	_aSeeing Beyond the Trees: _bUsing Machine Learning to Estimate the Impact of Minimum Wages on Labor Market Outcomes / _cDoruk Cengiz, Arindrajit Dube, Attila S. Lindner, David Zentler-Munro.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2021.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w28399
500			_aJanuary 2021.
520	3		_aWe assess the effect of the minimum wage on labor market outcomes such as employment, unemployment, and labor force participation for most workers affected by the policy. We apply modern machine learning tools to construct demographically-based treatment groups capturing around 75% of all minimum wage workers--a major improvement over the literature which has focused on fairly narrow subgroups where the policy has a large bite (e.g., teens). By exploiting 172 prominent minimum wages between 1979 and 2019 we find that there is a very clear increase in average wages of workers in these groups following a minimum wage increase, while there is little evidence of employment loss. Furthermore, we find no indication that minimum wage has a negative effect on the unemployment rate, on the labor force participation, or on the labor market transitions. Furthermore, we detect no employment or participation responses even for sub-groups that are likely to have a high extensive margin labor supply elasticity--such as teens, older workers, or single mothers. Overall, these findings provide little evidence for changing search effort in response to a minimum wage increase.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aJ08 - Labor Economics Policies _2Journal of Economic Literature class.
690		7	_aJ2 - Demand and Supply of Labor _2Journal of Economic Literature class.
690		7	_aJ3 - Wages, Compensation, and Labor Costs _2Journal of Economic Literature class.
690		7	_aJ38 - Public Policy _2Journal of Economic Literature class.
690		7	_aJ8 - Labor Standards: National and International _2Journal of Economic Literature class.
690		7	_aJ88 - Public Policy _2Journal of Economic Literature class.
700	1		_aDube, Arindrajit. _930776
700	1		_aLindner, Attila S.
700	1		_aZentler-Munro, David.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w28399.
856	4	0	_uhttps://www.nber.org/papers/w28399
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w28399
942			_2ddc _cW-PAPER
999			_c319723 _d278285