Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1999
, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of …, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for con …-strained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the …