Draca, Mirko; Machin, Steve; Van Reenen, John - C.E.P.R. Discussion Papers - 2006
Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially … employment), there is hardly any evidence on their impact on firm performance. This is surprising: minimum wages appear to have a … significant impact on wages, but only a limited impact on jobs, so it is natural to imagine there must be a stronger impact on …