@TechReport{iza:izadps:dp14943,
            	author={Adamopoulou, Effrosyni and Manaresi, Francesco and Rachedi, Omar and Yurdagul, Emircan},
            	title={Minimum Wages and Insurance within the Firm},
            	year={2021},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={14943},
            	url={https://www.iza.org/index.php/publications/dp14943},
	abstract={Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand shocks into wages for the workers whose earnings are far from the floors, but who are employed by establishments intensive in minimum-wage workers. We study the welfare implications of this fact using an incomplete-market model. The asymmetric passthrough uncovers a novel channel which tilts the benefits of removing minimum wages toward high-paid employees at the expense of low-wage workers.},
	keywords={firm-specific shocks;pass-through;minimum wages;linked employer-employee data;general equilibrium;complementarities},
            }