Opportunity & Inclusive Growth Institute
Researchers at the Federal Reserve Bank of Minneapolis are completing a multi-year impact study on the city of Minneapolis’ recent and ongoing minimum wage increase. Loukas Karabarbounis, Jeremy Lise, and Anusha Nath have partnered with the Bank’s Opportunity and Inclusive Growth Institute to examine short run and long run effects of minimum wage increase on workers and firms.
Research interests: the global decline of labor’s share of income, productivity and capital flows in South Europe, and cyclical fluctuations in labor markets
Research interests: wage and employment dynamics, job mobility, human capital
Research Interests: development economics, labor market dynamics, education and human capital development
Presentation slides [PDF]
Service industries employ the most workers at the low end of the pay range
With unique set of big data, Fed economists will scrutinize wage hike impact on workers, firms and consumers