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Creative Destruction and the Behavior of Productivity over the Business Cycle
Minimum Wages and Training Revisited
Theory predicts that minimum wages will reduce employer‐provided on‐the‐job training designed to improve workers' skills on the current job, but it is ambiguous regarding training that workers obtain to qualify for a job. We estimate the effects of minimum wages on both types of training received by young workers, exploiting cross‐state variation in minimum wage increases. Much of the evidence supports the hypothesis that higher minimum wages reduce formal training to improve skills on the current job. But there is little or no evidence of offsetting increases in training undertaken to qualify for or obtain jobs.
Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Comment
Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Comment by David Neumark and William Wascher. Published in volume 90, issue 5, pages 1362-1396 of American Economic Review, December 2000
Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply
Michael L. Wachter, William L. Wascher, Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply, The Review of Economics and Statistics, Vol. 73, No. 3 (Aug., 1991), pp. 575-576
Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates
Michael L. Wachter, William L. Wascher, Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates, The Review of Economics and Statistics, Vol. 66, No. 2 (May, 1984), pp. 208-215