Abstract
This chapter examines the effects of minimum wages on skill formation. It begins by studying the direct effects of minimum wages on schooling, focusing both on their overall effects and on differences in the effects of minimum wages across skill groups. The chapter then turns to the effects of minimum wages on training, a topic that is relevant to individuals whose employment status is not influenced by the minimum wage, but whose terms of employment may be affected. Because the effects of minimum wages on both training and schooling may have longer-lasting consequences, the chapter also presents evidence on the longer-term effects of minimum wages on workers’ wages and earnings even after their wages have risen above the minimum wage.
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