Abstract
This article examines the relationship between federal, state and municipal minimum wage laws, local cost-of-living (COL) and the unemployment rate. It finds a strong statistically significant positive relationship between minimum wages and unemployment once COL is taken into account. Our results suggest that federal minimum wage policy is likely to have more harmful effects in rural/low cost areas.
| Original language | American English |
|---|---|
| Journal | Applied Economics Letters |
| Volume | 25 |
| DOIs | |
| State | Published - Jan 1 2018 |
Disciplines
- Business
- Economics
Keywords
- Cost-of-living
- Evaluation
- Local
- Minimum wage
- Relationship
- Unemployment
