Adamopoulou, Effrosyni; Manaresi, Francesco; Rachedi, Omar - 2021
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on … relatively larger pass-through of firm-specific labor-demand shocks into wages for the workers whose earnings are far from the … removing minimum wages toward high-paid employees at the expense of low-wage workers. …