Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on … relatively larger pass-through of firm-specific labor-demand shocks into wages for the workers whose earnings are far from the … removing minimum wages toward high-paid employees at the expense of low-wage workers …

endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient … quantify the impacts of removing the Canada-U.S. border on wages, productivity, markups, the share of exporters, the mass of …