id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
pg15bc41f0q	Trung Duong Minh Ly	Essays in Macro-Labor Economics	2019		.txt	text/plain	573	16	40	I show that a model with a binding minimum wage delivers lower Nash-bargained wages than one without that feature, and higher minimum wages negatively affect wages of those for whom the minimum wage is not binding. This finding helps explain why inequality falls as the minimum wage increases: wages are less dispersed because higher wage floors compress the wage distribution both from the bottom and from the top, i.e. they raise the wages of those at the bottom of the wage distribution and lower the wages of workers who earn the most in the economy.	cache/pg15bc41f0q.txt	txt/pg15bc41f0q.txt