Horton, John J. <br/><br/>
Price Floors and Employer Preferences: Evidence from a Minimum Wage Experiment 

 -  American Economic Review  2025 
 - 117-146 
<br/><br/> Firms posting job openings in an online labor market were randomly assigned minimum hourly wages. When facing a minimum wage, fewer firms hired, but those they did hire paid higher wages. Hours-worked fell substantially. Treated firms shifted to hiring more productive workers. Using the platform's imposition of a market-wide minimum wage after the experiment, I find that many of the experimental results also hold in equilibrium, including the substitution towards more productive workers. However, there was also a large reduction in the number of jobs posted for which the minimum wage would likely bind. 
<br/><br/><label>ISSN: </label>0002-8282 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Labor Demand<br/> Labor Supply<br/> Time Allocation<br/> Wage Level and Structure<br/>Wage Differentials