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. Simulations evaluate performance and corroborate the asymptotic theory in several practical design settings. Two empirical … period 1961-2000; the other examines the effect of minimum wage legislation on unemployment in 50 states of the United States …
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This paper studies the relationship between the minimum wage and the employment rate in the US using the framework of a panel structure model. The approach allows the minimum wage, along with some other controls, to have heterogeneous effects on employment across states which are classified into...
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