An (updated) draft of my job market paper is now available as a @McMasterEcon working paper. The paper has theoretical and empirical parts and studies the desirability of the minimum wage in a setting where policy makers have access to other instruments, notably income taxes 1/n

https://twitter.com/McMasterEcon/status/1095024172697300992

This question seems to be getting attention from policy makers so allow me to briefly explain what I do in the paper. First, I derive a formula for the marginal welfare gain from introducing a minimum wage in a setting with hetereogeneous individuals and search frictions 2/n