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workers lose their jobs. By introducing minimum wages, the model explains empirical findings on the effects of minimum wage … laws. In addition, the model shows that minimum wages can account for about half of the differences in youth employment …
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We find that over the period 1950–1990, states in United States absorbed increases in the supply of schooling due to tighter compulsory schooling and child labor laws mostly through within-industry increases in the schooling intensity of production. Shifts in the industry composition towards...
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