Huang, Yi; Loungani, Prakash; Wang, Gewei - Federal Reserve Bank of Dallas - 2014
minimum wage changes which can be accounted for by differences in their wage levels and profit margins: firms with high wages … or large profit margin increase employment, while those with low wages or small profit margin downsize. The increase in … enforcement of China’s minimum wage in 2004 has since amplified this heterogeneity, which implies that labor regulation may reduce …