论文标题
从工作场所到居住：最低工资政策对当地住房市场的溢出影响
From Workplace to Residence: The Spillover Effects of Minimum Wage Policies on Local Housing Markets
论文作者
论文摘要
美国最近在美国的最低工资（MW）政策的上升导致城市地区MW水平的显着分散。在本文中，我们通过通勤研究这些政策对当地租赁市场的溢出影响。为此，对于每个USPS邮政编码，我们根据其居民工作的位置构建了一个“工作场所” MW措施，并使用它来估算MW政策对租金的影响。我们使用一种新颖的识别策略，该策略利用了共享相同“居住” MW的邮政编码的工作场所MW差异变化的良好时机，定义为同一位置的MW。我们的基线结果表明，工作场所MW的10％增加了Residence邮政编码的租金增加了0.69％。为了说明通勤模式的重要性，我们使用估算值和一个简单的模型来模拟联邦和城市反事实MW政策的影响。模拟表明，房东大约有10美分的兆瓦直接和间接影响的地区，尽管房东的发病率在整个空间上有系统地变化。
The recent rise of sub-national minimum wage (MW) policies in the US has resulted in significant dispersion of MW levels within urban areas. In this paper, we study the spillover effects of these policies on local rental markets through commuting. To do so, for each USPS ZIP code we construct a "workplace" MW measure based on the location of its resident's jobs, and use it to estimate the effect of MW policies on rents. We use a novel identification strategy that exploits the fine timing of differential changes in the workplace MW across ZIP codes that share the same "residence" MW, defined as the same location's MW. Our baseline results imply that a 10 percent increase in the workplace MW increases rents at residence ZIP codes by 0.69 percent. To illustrate the importance of commuting patterns, we use our estimates and a simple model to simulate the impact of federal and city counterfactual MW policies. The simulations suggest that landlords pocket approximately 10 cents of each dollar generated by the MW across directly and indirectly affected areas, though the incidence on landlords varies systematically across space.
