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1、MinimumWagesandEmployment:ACaseStudyoftheFast-FoodIndustryinNewJerseyandPennsylvaniaOnApril1,1992,NewJersey'sminimumwagerosefrom$4.25to$5.05perhour.Toevaluatetheimpactofthelawwesurveyed410fast-foodrestaurantsinNewJerseyandeasternPennsylvaniabeforeandaft
2、ertherise.ComparisonsofemploymentgrowthatstoresinNewJerseyandPennsylvania(wheretheminimumwagewasconstant)providesimpleestimatesoftheeffectofthehigherminimumwage.WealsocompareemploymentchangesatstoresinNewJerseythatwereinitiallypayinghighwages(above$5)to
3、thechangesatlower-wagestores.Wefindnoindicationthattheriseintheminimumwagereducedemployment.(JEL530,523)Howdoemployersinalow-wagelaborcentstudiesthatrelyonasimilarcompara-marketrespondtoanincreaseinthemini-tivemethodologyhavefailedtodetectamumwage?Thepr
4、edictionfromconven-negativeemploymenteffectofhighermini-tionaleconomictheoryisunambiguous:amumwages.Analysesofthe1990-1991in-riseintheminimumwageleadsperfectlycreasesinthefederalminimumwagecompetitiveemployerstocutemployment(LawrenceF.KatzandKrueger,199
5、2;Card,(GeorgeJ.Stigler,1946).Althoughstudies1992a)andofanearlierincreaseintheinthe1970'sbasedonaggregateteenageminimumwageinCalifornia(Card,1992b)employmentratesusuallyconfirmedthisfindnoadverseemploymentimpact.Astudyprediction,'earlierstudiesbasedonco
6、m-ofminimum-wagefloorsinBritain(Stephenparisonsofemploymentataffectedandun-MachinandAlanManning,1994)reachesaaffectedestablishmentsoftendidnot(e.g.,similarconclusion.RichardA.Lester,1960,1964).Severalre-Thispaperpresentsnewevidenceontheeffectofminimumwa
7、gesonestablishment-levelemploymentoutcomes.Weanalyzetheexperiencesof410fast-foodrestaurantsin*DepartmentofEconomics,PrincetonUniversity,NewJerseyandPennsylvaniafollowingthePrinceton,NJ08544.WearegratefultotheInstituteincreaseinNewJersey'sminimumwageforR
8、esearchonPoverty,UniversityofWisconsin,forfrom$4.25to$5.05perhour.Comparisonspartialfinancialsupport.ThankstoOrleyAshenfelter,ofemployment,wages,andpricesatstoresCharlesBrown,RichardLester,GarySolon,twoanonymousreferees,andsemina
