The minimum wage and teenage employment: evidence from time series

This study reconsiders the evidence from time-series data concerning the re lationship between the minimum wage and teenage employment rates. The resul ts suggest that the previous literature failed to adequately address issues of stationarity, dynamic specification and endogeneity. The data are reana lysed in light of recent developments in time-series methods and evidence i s found of a negative relationship between the minimum wage and teenage emp loyment. The results are robust across variations in the sample period, the control variables, and the measure of the minimum wage.