Quantile estimates of counterfactual distribution shifts and the impact of minimum wage increases on the wage distribution
Stewart, Mark B. (2011) Quantile estimates of counterfactual distribution shifts and the impact of minimum wage increases on the wage distribution. Working Paper. Coventry: University of Warwick. Dept. of Economics. (Warwick economics research paper series (TWERPS)).
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This paper presents a method for estimating the eﬀects of a policy change on an outcome distribution that uses a comparator quantile rather than a control group and provides methods for estimating the variances of the estimators. The empirical analysis presents estimates of "spillover" eﬀects of increases in the UK minimum wage, i.e. eﬀects on the wages of those already above the minimum, under diﬀerent counterfactual distribution shift assumptions. Evidence is presented against a simple scaled counterfactual. On the basis of the proposed counterfactual estimated spillover eﬀects are small and in most cases do not reach above the 5th. percentile.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Estimation theory, Economic policy, Minimum wage -- Great Britain -- Econometric models|
|Series Name:||Warwick economics research paper series (TWERPS)|
|Publisher:||University of Warwick. Dept. of Economics|
|Place of Publication:||Coventry|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||Economic and Social Research Council (Great Britain) (ESRC), Great Britain. Low Pay Commission (LPC)|
|Grant number:||RES000222611 (ESRC)|
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