| Post-1993 trends | Peak-to-Peak trends | H-P Filter trends |
---|
Log (Minimum wage) | 0.001 (0.062) | 0.027 (0.071) | −0.042* (0.023) |
-
Notes: See Notes to Table 1. All equations include the same controls as in Table 1. Standard errors are block bootstrapped by state using 500 replications. Post-1993 Trends detrends all observations based on county-specific trends estimated over the 1994–2005 period. Peak-to-Peak Trends detrends all data based on county-specific trends estimated over 1990-Q3 to 2001-Q1. H-P Filter Trends are the filtered series from a county-specific application of a Hodrick-Prescott filter (smoothing parameter = 1600) applied individually to each data series