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Title: Minimum Wage Effects on Employment and Post Secondary Education Choices
Resulting in 1 citation.
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Wescher, Lance |
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Minimum Wage Effects on Employment and Post Secondary Education Choices Presented: Chicago IL, American Economic Association Annual Meeting, January 2017 Cohort(s): NLSY97 Publisher: American Economic Association Keyword(s): College Education; Geocoded Data; Minimum Wage Permission to reprint the abstract has not been received from the publisher. The existing literature claims a significant dis-employment effect for teenage and young workers as minimum wage levels increase. Less well understood is the impact on the human capital investments made by those affected. Young workers who are able to find work with higher minimum wages may be less likely to attend college as the opportunity cost of that choice increases, thus lowering college applications and enrollment. Conversely, those who are unemployed by the increase may see college as a more attractive choice in hopes of competing for jobs at higher wage rates. We use 1997-2011 longitudinal data from the National Longitudinal Survey of Youth [NLSY97], including restricted geocode data, to further analyze the implications of a minimum wage increase on college enrollment for older teens. Using a multinomial logit model we find that an increase in the minimum wage leads to a lower likelihood of college matriculation among potential applicants. This adds an important factor to the ongoing discussion of minimum wage laws. |
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Bibliography Citation
Wescher, Lance. "Minimum Wage Effects on Employment and Post Secondary Education Choices." Presented: Chicago IL, American Economic Association Annual Meeting, January 2017. |