Graduation Year

2016

Date of Submission

4-2016

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Manfred Keil

Rights Information

© 2016 Bai Xue

Abstract

This paper finds an insignificant negative correlation between youth employment and minimum wages for the panel of U.S. states, 1976-2015. Such a correlation is not observed in earlier panels. The source of the new results is traced to the greatest decline in employment-population ratio since the 1970s emerging during the financial crisis of 2008. Moreover, I discuss the likely causes of the recent sharp decline in employment-population ratio and propose that more factors should be taken into account when examining the effect of the minimum wage policy.

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