Minimum Wages and Educational Attainment: The Effect of Minimum Wage Changes on High School Graduation Rates
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Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
This paper examines state and federal minimum wage changes and state-level high school cohort-adjusted graduation rates from 2011 to 2019 in order to find the effect of changing minimum wages on graduation rates. Using random effects linear regression models with state and year fixed effects, it is concluded that there is not a significant relationship between minimum wage changes and cohort-adjusted graduation rates. Additionally, the control variables suggest that the leading theories on the top factors for the decision to drop out of high school may not be as influential on the outcome. There was no significant relationship between the percentage of parents whose income in the last year put them below the poverty line and the public high school graduation rates as well as between the juvenile crime rate and high school graduation rates.
Carter, Rhett, "Minimum Wages and Educational Attainment: The Effect of Minimum Wage Changes on High School Graduation Rates" (2023). CMC Senior Theses. 3309.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.