PT - JOURNAL ARTICLE AU - Meer, Jonathan AU - West, Jeremy TI - Effects of the Minimum Wage on Employment Dynamics AID - 10.3368/jhr.51.2.0414-6298R1 DP - 2015 Nov 30 TA - Journal of Human Resources 4099 - http://jhr.uwpress.org/content/early/2015/11/20/jhr.51.2.0414-6298R1.short 4100 - http://jhr.uwpress.org/content/early/2015/11/20/jhr.51.2.0414-6298R1.full AB - The voluminous literature on minimum wages offers little consensus on the extent to which a wage floor impacts employment. We argue that the minimum wage will impact employment over time, through changes in growth rather than an immediate drop in relative employment levels. We show that commonly-used specifications in this literature, especially those that include state-specific time trends, will not accurately capture these effects. Using three separate state panels of administrative employment data, we find that the minimum wage reduces job growth over a period of several years. This finding is supported using several empirical specifications.