The Effect of Minimum Wages on Low-Wage Jobs*
Abstract We estimate the effect of minimum wages on low-wage jobs using 138 prominent state-level minimum wage changes between 1979 and 2016 in the United States using a differe...
Publications
View AllThe Fall of the Labor Share and the Rise of Superstar Firms*
Abstract The fall of labor’s share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical ...
Why Higher Takeover Premia Protect Minority Shareholders
Posttakeover moral hazard by the acquirer and free‐riding by the target shareholders lead the former to acquire as few sharcs as necessary to gain control. As moral hazard is mo...
Affiliated Researchers
Institution Info
- Type
- nonprofit
- Country
- US
- Publications
- 3
- Citations
- 4,204
External Links
Identifiers
- ROR
- https://ror.org/053v8b344