Garcia-Louzao, Jose; Tarasonis, Linas - 2022
negative effects on the employment prospects of low-wage workers. However, we provide suggestive evidence that young workers … or the presence of envelope wages appear to be associated with lower job losses. Taken together, our findings imply an … employment elasticity with respect to the minimum wage of -0.021, and an own-wage elasticity of -0.033, suggesting that wage …