Event Title

How Does the Minimum Wages Affect Teen's Unemployment: Time Series Analysis

Location

CSU 201

Start Date

18-4-2016 3:15 PM

End Date

18-4-2016 4:15 PM

Student's Major

Economics

Student's College

Social and Behavioral Sciences

Mentor's Name

Kwang Woo Park

Mentor's Department

Economics

Mentor's College

Social and Behavioral Sciences

Description

There have been a lot of arguments on the real effect of minimum wages on teenagers, non- educated and low-skilled workers. Even though minimum wages should be used as a factor increasing the economic well-beings of low-skilled workers, many of the recent studies showed that a substantial portion of low-skilled worker’s jobs are negatively affected by the increase in minimum wage. In this sense, this paper attempt to identify the real effects of changes in minimum wages on low-skilled workers by looking into 50 U.S. states panel data. The empirical findings show that an increase in teenagers’ unemployment is caused by a minimum wage hike.

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Apr 18th, 3:15 PM Apr 18th, 4:15 PM

How Does the Minimum Wages Affect Teen's Unemployment: Time Series Analysis

CSU 201

There have been a lot of arguments on the real effect of minimum wages on teenagers, non- educated and low-skilled workers. Even though minimum wages should be used as a factor increasing the economic well-beings of low-skilled workers, many of the recent studies showed that a substantial portion of low-skilled worker’s jobs are negatively affected by the increase in minimum wage. In this sense, this paper attempt to identify the real effects of changes in minimum wages on low-skilled workers by looking into 50 U.S. states panel data. The empirical findings show that an increase in teenagers’ unemployment is caused by a minimum wage hike.

Recommended Citation

Amadou, Cisse. "How Does the Minimum Wages Affect Teen's Unemployment: Time Series Analysis." Undergraduate Research Symposium, Mankato, MN, April 18, 2016.
http://cornerstone.lib.mnsu.edu/urs/2016/oral-session-14/1