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Replication data for: Minimum Wages and Firm Profitability

Version
1
Resource Type
Dataset
Creator
  • Draca, Mirko
  • Machin, Stephen
  • Van Reenen, John
Publication Date
2011-01-01
Description
  • Abstract

    We study the impact of minimum wages on firm profitability, exploiting the changes induced by the introduction of a UK national minimum wage in 1999. We use pre-policy information on the distribution of wages to implement a difference-in-differences approach. Minimum wages raise wages, but also significantly reduce profitability (especially in industries with relatively high market power). This is consistent with a simple model where wage gains from minimum wages map directly into profit reductions. There is some suggestive evidence of longer run adjustment to the minimum wage through falls in net entry rates. (JEL J31, J38, L25)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/app.3.1.129 (Text)
Publications
  • Draca, Mirko, Stephen Machin, and John Van Reenen. “Minimum Wages and Firm Profitability.” American Economic Journal: Applied Economics 3, no. 1 (January 2011): 129–51. https://doi.org/10.1257/app.3.1.129.
    • ID: 10.1257/app.3.1.129 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Draca, Mirko; Machin, Stephen; Van Reenen, John (2011): Replication data for: Minimum Wages and Firm Profitability. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113772V1