minimum-wage increase raises involuntary unemployment, but also raises skill formation as some individuals avoid unemployment … skill formation outweigh both the public revenue losses from additional unemployment and the utility losses of inefficient … the revenue losses from higher unemployment. We write this condition in terms of measurable sufficient statistics. Our …

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …

unemployment on the level of regional labor markets. Using variation in the regional exposure to the new wage floor, we employ a … difference-in-differences approach that compares the evolution of employment and unemployment between regions with varying … reduction is not accompanied by a proportional increase in unemployment. …

models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …

minimum wage (captured by the Kaitz index) in a panel setting. We find that the minimum wage raises unemployment among young …