Neoclassical labor market theories imply that employers will react to binding minimum wages by changing the level of employment. A multitude of studies consider this aspect of minimum wages, yet fail to reach a consensus as to its employment effects. While the employment effects of the minimum...

Neoclassical labor market theories imply that employers will react to binding minimum wages by changing the level of employment. A multitude of studies consider this aspect of minimum wages, yet fail to reach a consensus as to its employment effects. While the employment effects of the minimum...

Although many studies have tested neoclassical labor market theory's prediction that employers will react to binding minimum wages by reducing employment levels, much less empirical research has explored the possibility that employers also respond to minimum wages by adjusting non-wage...