{"id":"https://openalex.org/W3121950571","doi":"https://doi.org/10.1093/restud/rdad091","title":"Minimum Wage Employment Effects and Labour Market Concentration","display_name":"Minimum Wage Employment Effects and Labour Market Concentration","publication_year":2023,"publication_date":"2023-09-05","ids":{"openalex":"https://openalex.org/W3121950571","doi":"https://doi.org/10.1093/restud/rdad091","mag":"3121950571"},"language":"en","primary_location":{"id":"doi:10.1093/restud/rdad091","doi":"https://doi.org/10.1093/restud/rdad091","is_oa":false,"landing_page_url":"https://doi.org/10.1093/restud/rdad091","pdf_url":null,"source":{"id":"https://openalex.org/S88935262","display_name":"The Review of Economic Studies","issn_l":"0034-6527","issn":["0034-6527","1467-937X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Economic Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5059636061","display_name":"Jos\u00e9 Azar","orcid":"https://orcid.org/0000-0002-1639-2067","observed_orcids":["https://orcid.org/0000-0002-1639-2067"]},"institutions":[{"id":"https://openalex.org/I4405253577","display_name":"IESE Business School","ror":"https://ror.org/00v9d4z37","country_code":"ES","type":"education","lineage":["https://openalex.org/I4405253577","https://openalex.org/I88155538"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Jos\u00e9 Azar","raw_affiliation_strings":["IESE Business School, Universidad de Navarra and CEPR , Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IESE Business School, Universidad de Navarra and CEPR , Spain","institution_ids":["https://openalex.org/I4405253577"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5002185922","display_name":"Emiliano Huet-Vaughn","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I177881444","display_name":"Pomona College","ror":"https://ror.org/0074grg94","country_code":"US","type":"education","lineage":["https://openalex.org/I177881444"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Emiliano Huet-Vaughn","raw_affiliation_strings":["Pomona College and IZA , USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Pomona College and IZA , USA","institution_ids":["https://openalex.org/I177881444"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5021218137","display_name":"Ioana Marinescu","orcid":"https://orcid.org/0000-0001-9131-6390","observed_orcids":["https://orcid.org/0000-0001-9131-6390"]},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ioana Marinescu","raw_affiliation_strings":["University of Pennsylvania School of Social Policy & Practice, IZA and NBER , USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania School of Social Policy & Practice, IZA and NBER , USA","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5047234902","display_name":"Bledi Taska","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Bledi Taska","raw_affiliation_strings":["Burning Glass Technologies , USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Burning Glass Technologies , USA","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5025449630","display_name":"Till von Wachter","orcid":"https://orcid.org/0000-0003-1711-6897","observed_orcids":["https://orcid.org/0000-0003-1711-6897"]},"institutions":[{"id":"https://openalex.org/I161318765","display_name":"University of California, Los Angeles","ror":"https://ror.org/046rm7j60","country_code":"US","type":"education","lineage":["https://openalex.org/I161318765"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Till von Wachter","raw_affiliation_strings":["University of California, Los Angeles, IZA and NBER , USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California, Los Angeles, IZA and NBER , USA","institution_ids":["https://openalex.org/I161318765"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5002185922"],"corresponding_institution_ids":["https://openalex.org/I177881444"],"apc_list":{"value":4716,"currency":"GBP","value_usd":5866},"apc_paid":null,"fwci":14.894,"has_fulltext":false,"cited_by_count":75,"citation_normalized_percentile":{"value":0.98985479,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"91","issue":"4","first_page":"1843","last_page":"1883"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10605","display_name":"Historical Economic and Social Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/minimum-wage","display_name":"minimum wage","score":0.984000027179718},{"id":"https://openalex.org/keywords/employment-effects","display_name":"employment effects","score":0.8320000171661377},{"id":"https://openalex.org/keywords/labor-market-concentration","display_name":"labor market concentration","score":0.9909999966621399},{"id":"https://openalex.org/keywords/monopsony","display_name":"monopsony","score":0.8489999771118164},{"id":"https://openalex.org/keywords/oligopsony","display_name":"oligopsony","score":0.921999990940094},{"id":"https://openalex.org/keywords/wage-determination","display_name":"wage determination","score":0.7089999914169312},{"id":"https://openalex.org/keywords/marginal-product","display_name":"marginal productivity","score":0.48500001430511475}],"concepts":[{"id":"https://openalex.org/C139203340","wikidata":"https://www.wikidata.org/wiki/Q319808","display_name":"Monopsony","level":2,"score":0.830414891242981},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7489769458770752},{"id":"https://openalex.org/C2778716609","wikidata":"https://www.wikidata.org/wiki/Q186228","display_name":"Minimum wage","level":2,"score":0.7066518068313599},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.693122923374176},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6155799627304077},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.6155449748039246},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.5701689124107361},{"id":"https://openalex.org/C6968784","wikidata":"https://www.wikidata.org/wiki/Q1193835","display_name":"Efficiency wage","level":3,"score":0.5027251243591309},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.41557803750038147},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1093/restud/rdad091","doi":"https://doi.org/10.1093/restud/rdad091","is_oa":false,"landing_page_url":"https://doi.org/10.1093/restud/rdad091","pdf_url":null,"source":{"id":"https://openalex.org/S88935262","display_name":"The Review of Economic Studies","issn_l":"0034-6527","issn":["0034-6527","1467-937X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Economic Studies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:oup:restud:v:91:y:2024:i:4:p:1843-1883.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1093/restud/rdad091","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":1.0},{"id":"https://metadata.un.org/sdg/10","display_name":"Reduced inequalities","score":0.7307999730110168}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7599999904632568}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W5362074","https://openalex.org/W19354446","https://openalex.org/W1504511151","https://openalex.org/W1579348205","https://openalex.org/W1599207538","https://openalex.org/W1637200184","https://openalex.org/W1748186225","https://openalex.org/W1917058129","https://openalex.org/W1965902012","https://openalex.org/W1972300851","https://openalex.org/W1985860118","https://openalex.org/W1987340475","https://openalex.org/W1991869792","https://openalex.org/W2004209085","https://openalex.org/W2063388949","https://openalex.org/W2103985836","https://openalex.org/W2109072432","https://openalex.org/W2126170407","https://openalex.org/W2143851173","https://openalex.org/W2150600455","https://openalex.org/W2168941805","https://openalex.org/W2188881060","https://openalex.org/W2248750871","https://openalex.org/W2323231065","https://openalex.org/W2613303232","https://openalex.org/W2704731712","https://openalex.org/W2789670688","https://openalex.org/W2793279988","https://openalex.org/W2890656468","https://openalex.org/W2891309674","https://openalex.org/W2894899500","https://openalex.org/W2927506197","https://openalex.org/W2938442265","https://openalex.org/W2942870997","https://openalex.org/W2946013397","https://openalex.org/W3023870743","https://openalex.org/W3091984210","https://openalex.org/W3097941428","https://openalex.org/W3121343181","https://openalex.org/W3121600244","https://openalex.org/W3121781388","https://openalex.org/W3122148988","https://openalex.org/W3122387707","https://openalex.org/W3123156301","https://openalex.org/W3123540725","https://openalex.org/W3123707900","https://openalex.org/W3124128996","https://openalex.org/W3124657734","https://openalex.org/W3125520341","https://openalex.org/W3126509721","https://openalex.org/W4230865396","https://openalex.org/W4255321007","https://openalex.org/W4392733272","https://openalex.org/W6675879190","https://openalex.org/W7048694914"],"related_works":["https://openalex.org/W2962370762","https://openalex.org/W3217524008","https://openalex.org/W7130400614","https://openalex.org/W7067251570","https://openalex.org/W7021196788","https://openalex.org/W7154993150","https://openalex.org/W1573516881","https://openalex.org/W7099928695","https://openalex.org/W4200378392","https://openalex.org/W4411014649"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"paper":[2,33],"shows":[3],"that":[4,60],"more":[5,11,126],"highly":[6],"concentrated":[7,22],"labour":[8,23,57,87,96],"markets":[9],"experience":[10],"positive":[12],"employment":[13,25,159],"effects":[14,41],"of":[15,42,64,95,104,110,117],"the":[16,20,40,62,65,72,80,84,108,155],"minimum":[17,29,44,157],"wage.":[18],"In":[19],"most":[21],"markets,":[24],"rises":[26],"following":[27],"a":[28,48,101],"wage":[30,45,149,158],"increase.":[31],"The":[32,75],"establishes":[34],"its":[35],"main":[36],"findings":[37,144],"by":[38],"studying":[39],"local":[43],"increases":[46],"on":[47,56],"key":[49],"low-wage":[50,86],"retail":[51],"sector,":[52],"and":[53,83,89,112],"using":[54,93],"data":[55],"market":[58,88,97],"concentration":[59,98],"covers":[61],"entirety":[63],"U.S.":[66],"with":[67],"fine":[68],"spatial":[69],"variation":[70],"at":[71],"occupation":[73],"level.":[74],"results":[76],"carry":[77],"over":[78],"to":[79,92,128,137],"fast-food":[81],"sector":[82],"entire":[85],"are":[90],"robust":[91],"proxies":[94],"available":[99],"for":[100,154],"broader":[102],"range":[103],"industries,":[105],"such":[106],"as":[107,151],"number":[109],"establishments":[111],"population":[113],"density.":[114],"A":[115],"model":[116],"oligopsonistic":[118],"competition":[119],"can":[120],"explain":[121],"these":[122],"effects:":[123],"there":[124],"is":[125],"room":[127],"increase":[129],"wages":[130,135],"in":[131,162],"high-concentration":[132],"areas":[133],"where":[134],"tend":[136],"be":[138],"further":[139],"below":[140],"marginal":[141],"productivity.":[142],"These":[143],"provide":[145],"evidence":[146],"supporting":[147],"monopsonistic":[148],"setting":[150],"an":[152],"explanation":[153],"near-zero":[156],"effect":[160],"documented":[161],"prior":[163],"work.":[164]},"counts_by_year":[{"year":2026,"cited_by_count":29},{"year":2025,"cited_by_count":26},{"year":2024,"cited_by_count":15},{"year":2023,"cited_by_count":3},{"year":2021,"cited_by_count":2}],"updated_date":"2026-10-20T09:52:01.089006","created_date":"2021-02-01T00:00:00"}
