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recent decades have been: 1) Modest real wage growth; 2) Rising earnings inequality; and 3) Declining labor force …
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wage may have led to a deterioration of the employment and relative wage of low-skill workers. -- Minimum wage ; earnings …This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show …-skill employment, and produce a fall in inequality. Evidence from the US suggests that these theoretical results are empirically …
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