Just After Minimum Wage Hikes: Short-Run Labor-Demand Response and Reallocation
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| Format: | Preprint |
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2025
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| _version_ | 1866918390838329344 |
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| author | Kanayama, Hayato Miyaji, Sho Otani, Suguru |
| author_facet | Kanayama, Hayato Miyaji, Sho Otani, Suguru |
| contents | How labor markets adjust immediately after minimum wage hikes remains an open, policy-relevant question. This paper studies short-run minimum-wage effects in Japan's spot labor market using Timee data and a wage-bin difference-in-differences design. We find a 2\% employment decline in affected bins, driven by reduced vacancy creation rather than worker supply. Effects are more negative where the minimum-wage bite is higher and in low-wage occupations. Using job descriptions and amenity information, we document reallocation across job types: postings shift toward greater amenity provision and experienced-worker targeting, while female-targeted descriptions become less common, suggesting short-run labor-demand adjustments may foreshadow longer-run reallocation. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2505_04555 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Just After Minimum Wage Hikes: Short-Run Labor-Demand Response and Reallocation Kanayama, Hayato Miyaji, Sho Otani, Suguru General Economics Economics How labor markets adjust immediately after minimum wage hikes remains an open, policy-relevant question. This paper studies short-run minimum-wage effects in Japan's spot labor market using Timee data and a wage-bin difference-in-differences design. We find a 2\% employment decline in affected bins, driven by reduced vacancy creation rather than worker supply. Effects are more negative where the minimum-wage bite is higher and in low-wage occupations. Using job descriptions and amenity information, we document reallocation across job types: postings shift toward greater amenity provision and experienced-worker targeting, while female-targeted descriptions become less common, suggesting short-run labor-demand adjustments may foreshadow longer-run reallocation. |
| title | Just After Minimum Wage Hikes: Short-Run Labor-Demand Response and Reallocation |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2505.04555 |