I forbade Dylan from writing about the minimum wage, as my advisors once forbade me. He defied me, and I'm very glad of it.
An awesome project using incredible firm-level data to understand how wage, employment, and price effects of MW changes connect to theory.
An awesome project using incredible firm-level data to understand how wage, employment, and price effects of MW changes connect to theory.
Why do min wage studies disagree?View quoted post on X
New data shows firms just below the new min add jobs and cut prices. Those at the old one do the reverse. That's new evidence of monopsony.
Firm mixes—not models—differ by hike.
Read Dylan’s paper: economics.uchicago.edu/directory/dyla…
#EconJobMarket #minwage