Journal or Book Title
Journal of Labor Research
First Page or Article ID Number
V. Conclusions Our results show that minimum wages reduce employment opportunities for workers. Like the early studies, our county-level (more aggregate) estimates imply fairly modest impacts with elasticities of approximately -0.1. However, our firm-level estimates for subminimum workers imply much more elastic responses. In particular, hours elasticities are in the elastic range.
Orazem, Peter F. and Mattila, J. Peter, "Minimum wage effects on hours, employment, and number of firms: The iowa case" (2002). Economics Publications. 296.