Neumark, David; Nizalova, Olena - Institute for the Study of Labor (IZA) - 2004
Exposure to minimum wages at young ages may lead to longer-run effects. Among the possible adverse longer-run effects … are decreased labor market experience and accumulation of tenure, lower current labor supply because of lower wages, and … diminished training and skill acquisition. Beneficial longer-run effects could arise if minimum wages increase skill acquisition …