000			03298cam a22004937a 4500
001			w31028
003			NBER
005			20230322103947.0
006			m o d
007			cr cnu||||||||
008			230322s2023 mau fo 000 0 eng d
040			_aMaCbNBER _beng _cMaCbNBER
100	1		_aVogel, Jonathan. _928942
245	1	4	_aThe Race Between Education, Technology, and the Minimum Wage / _cJonathan Vogel.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2023.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w31028
500			_aMarch 2023.
520	3		_aWhat is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I present evidence that these dynamic effects are present and powerful. Estimated at the national level, I show that minimum wages---together with supply and demand---play a central role in shaping the evolution of the U.S. college premium. Estimated at the state level, I show that the elasticity of the college premium to the minimum wage is small on impact and grows dramatically over time. To verify my theory's mechanisms, I additionally document the dynamic impact of the minimum wage over the full wage distribution: on impact, wages rise only for the lowest percentiles (consistent with the literature) but over time this effect spills over up the wage distribution (consistent with my theory and my empirical results on the skill premium). On the basis of these theoretical and empirical results, I conclude that the minimum wage plays a central role in shaping the U.S. college premium and its variation across states.
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	_aEmployment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2jelc
650		7	_aEmployment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2jelc
084			_aE24 _2jelc
690		7	_aGeneral _2jelc
650		7	_aGeneral _2jelc
084			_aJ0 _2jelc
690		7	_aDemand and Supply of Labor _2jelc
650		7	_aDemand and Supply of Labor _2jelc
084			_aJ2 _2jelc
690		7	_aWages, Compensation, and Labor Costs _2jelc
650		7	_aWages, Compensation, and Labor Costs _2jelc
084			_aJ3 _2jelc
690		7	_aMonopsony • Segmented Labor Markets _2jelc
650		7	_aMonopsony • Segmented Labor Markets _2jelc
084			_aJ42 _2jelc
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w31028.
856	4	0	_uhttps://www.nber.org/papers/w31028
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w31028
942			_2ddc _cW-PAPER
999			_c390795 _d349357