Despite decades of academic research, both policymakers and economists are still debating the quantitative impact of minimum wages on workers, firms, and regions. This conference will convene economists and policymakers from across the country to shed light on recent evidence on the effects of minimum wage increases on various aspects of the labor market. Minneapolis Fed President Neel Kashkari will moderate a policy panel to discuss how policymakers might think about the trade-offs associated with minimum wage increases and what questions policymakers most need researchers to answer.
Event Agenda
Monday, May 8, 2023
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9:30 a.m. – 10:15 a.m. CT |
Registration and breakfast |
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10:15 a.m. – 10:25 a.m. CT |
Opening remarks
Andrea Raffo, Federal Reserve Bank of Minneapolis |
| 10:25 a.m. – 11:10 a.m. CT |
“Minimum Wages and Labor Markets in the Twin Cities”
Anusha Nath, Federal Reserve Bank of Minneapolis
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| 11:15 a.m. – 12:00 noon CT |
“High-Frequency Labor Demand Fluctuations and the Minimum Wage”
Jacob Vigdor, Evans School of Public Policy & Governance, University of Washington
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| 12:00 noon – 1:00 p.m. CT |
Lunch |
| 1:00 p.m. – 1:45 p.m. CT |
“What Can We Conclude from the Evidence on Minimum Wages and Employment?”
David Neumark, University of California, Irvine
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| 1:50 p.m. – 2:35 p.m. CT |
“Minimum Wage Increases and Vacancies”
Murat Tasci, JPMorgan
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| 2:40 p.m. – 3:25 p.m. CT |
“Minimum Wages and the Rigid-Wage Channel of Monetary Policy”
Brian Wheaton, UCLA Anderson School of Management
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| 3:25 p.m. – 3:45 p.m. CT |
Break |
| 3:45 p.m. – 4:45 p.m. CT |
Policy panel
- Will Carrington, former Principal Analyst, Congressional Budget Office
- Laura Feiveson, Deputy Assistant Secretary for Economic Policy, U.S. Department of the Treasury
- Rajesh Nayak, Assistant Secretary for Policy, U.S. Department of Labor
- Lee Ohanian, Professor of Economics, University of California, Los Angeles
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis
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| 5:00 p.m. – 6:30 p.m. CT |
Reception |
SESSIONS AT THE UNIVERSITY OF MINNESOTA
Technical sessions
On May 9, the Minnesota Economics Big Data Institute will host daytime sessions that offer technical analyses of the effects of minimum wage increases. Presenters include Jeffrey Clemens, University of California, San Diego; Michael Reich, University of California, Berkeley; Ellora Derenoncourt, Princeton University; Elena Pastorino, Stanford University; Simon Mongey, Federal Reserve Bank of Minneapolis; and Loukas Karabarbounis, University of Minnesota. These sessions will be held with an invited audience.
Public roundtable
On the evening of May 9, the Heller Hurwicz Economics Institute will host a roundtable discussion that is open to the public. Researchers Anusha Nath, Federal Reserve Bank of Minneapolis, and Jeffrey Clemens, University of California, San Diego, will be joined by moderator Chris Farrell, Minnesota Public Radio. Please visit the University of Minnesota event website for more information and to register for the evening roundtable.
MINIMUM WAGE STUDY
Researchers at the Minneapolis Fed are working on multi-year impact evaluations to examine the ongoing minimum wage increases for Minneapolis and St. Paul.
