RT info:eu-repo/semantics/masterThesis
T1 The short-term impact of the minimum wage on employment: evidence from Spain
A1 Fernández-Baldor Laporta, Pablo
K1 Minimum Wage
K1 Employment
K1 Job Loss
K1 Propensity Score Matching
K1 Difference-in-Differences
K1 Economía
K1 Economics
AB Minimum wages have been widely discussed in the literature. The minimumwage impact on employment strongly depends on labor market concentrationand the point at which it is located in the income distribution. Therefore, itsstudy essentially involves exploring whether it has been set too far, beyond thecompetitive market wage. In 2019, the Spanish government decided to raise theminimum wage by 22.3%. This increase is of a previously unseen magnitude.Using rich administrative data, we combine Propensity Score Matching and aDi erence-in-Di erences model to evaluate the short-run employment e ect ofthis policy. We  nd that the reform increased the probability of job loss within arange of 0.38 pp. (7.8%) and 0.44 pp. (9.2%) for workers below the new minimumwage, which implies an employment elasticity between 0.3 and 0.4. In addition,our results suggest that the bulk of this e ect is concentrated in the group ofworkers furthest from the new minimum wage. This is the segment of the incomedistribution that bore the bulk of the employment costs of the minimum wageincrease.
YR 2022
FD 2022
LK http://hdl.handle.net/10017/54176
UL http://hdl.handle.net/10017/54176
LA eng
DS MINDS@UW
RD 20-abr-2024