Freeman, Richard B.; Freeman, Alida Castillo - National Bureau of Economic Research (NBER) - 1991
This paper uses time series and cross-industry data on employment and wages in Puerto Rico to assess the effects of … earnings distribution in Puerto Rico and that it has substantially lowered employment and altered the allocation of labor … results support the textbook model of the minimum wage more strongly than studies of the minimum in the U.S. because in Puerto …