The effects of minimum wage on unemployment for OECD countries: a dynamic fixed effects panel threshold model perspective

The purpose of this paper is to shed new light on the incidence minimum wage unemployment rate 33 OECD countries during 1980–2020 period applying a dynamic fixed effects panel threshold model. Controlling for usual macroeconomic and demographic factors, best model estimates 9.1667. Specifically, higher lower rate, however marginal effect larger above value. A single-threshold identified 25–74, secondary long-term unemployment. possibility double-threshold rule out all indicators.