000			01163nam a22001457a 4500
999			_c521196 _d521196
008			221226b ||||| |||| 00| 0 eng d
100			_aButschek, Sebastian _936406
245			_aRaising the bar: Minimum wages and employers' hiring standards
260			_aAmerican Economic Journal: Economic Policy
300			_a14(2), May, 2022: p.91-124
520			_aMany scholars have studied the employment effects of minimum wages, but little is known about effects on the composition of hires. I investigate whether Germany's minimum wage introduction raised hiring standards, using worker fixed effects as a proxy for worker productivity. For the least productive workers hired, the minimum wage led to a 4 percentile point shift in the productivity distribution. This increase is missed using standard observable measures of worker productivity. The effects are larger with greater pre-reform screening intensity—indicating an employer response. This more selective hiring compensates about two-thirds of higher wage costs for the least productive hires.- Reproduced
773			_aAmerican Economic Journal: Economic Policy
906			_aWAGES
942			_cAR