shock leads to larger wage increases for high-skilled workers than for low-skilled workers, due to the smaller matching … frictions of the former (SAM-asymmetry channel). Moreover, the increase in capital demand amplifies this wage divergence due to …

for different durations. After controlling for the contemporaneous impact of the minimum wage, its long-run impact … translates into: an overall wage premium, consistent with an upgrading in the quality of jobs offered; a flatter tenure …-earnings profile, consistent with lower initial investment in firm-specific training. Interestingly, the overall wage premium increases …