@TechReport{iza:izadps:dp5933,
            	author={Kalenkoski, Charlene M. and Lacombe, Donald J.},
            	title={Minimum Wages and Teen Employment: A Spatial Panel Approach},
            	year={2011},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={5933},
            	url={https://www.iza.org/publications/dp5933},
	abstract={The authors employ spatial econometrics techniques and Annual Averages data from the U.S. Bureau of Labor Statistics for 1990-2004 to examine how changes in the minimum wage affect teen employment. Spatial econometrics techniques account for the fact that employment is correlated across states. Such correlation may exist if a change in the minimum wage in a state affects employment not only in its own state but also in other, neighboring states. The authors show that state minimum wages negatively affect teen employment to a larger degree than is found in studies that do not account for this correlation. Their results show a combined direct and indirect effect of minimum wages on teen employment to be -2.1% for a 10% increase in the real effective minimum wage. Ignoring spatial correlation underestimates the magnitude of the effect of minimum wages on teen employment.},
	keywords={spatial econometrics;teen employment;minimum wage},
            }