Autor, David H.; Manning, Alan; Smith, Christopher L. - Centre for Economic Performance, LSE - 2010
-in-variables that inflate impact estimates via an analogue of the well known division bias problem. We find that the minimum wage … spillovers and show that their relative importance grows as the nominal minimum wage becomes less binding. Subsequent analysis … effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured …