Jha, Priyaranjan; Kala, Jyotsana; Neumark, David; … - National Bureau of Economic Research - 2025
We assess how minimum wage effects on restaurant employment in the U.S. vary with labor market size and monopsony power. Using city-level data, we construct monopsony proxies based on labor flows and concentration. Minimum wages bind less in larger cities, consistent with the urban wage premium,...