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Minimum Wages and Human Capital Investment: A Meta‐Regression Analysis

Author

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  • Hristos Doucouliagos
  • Katarina Zigova

Abstract

We apply meta‐regression analysis to assess the effect of the minimum wage on two types of human capital, formal education enrolment and on‐the‐job training, using 892 reported estimates of these effects. On average, raising the minimum wage reduces enrolment in all countries assessed. The minimum wage has a somewhat moderate positive effect on training in the United States and no significant training effect elsewhere. There is no publication bias in the formal education and modest bias in the training literature. Heterogeneity among reported estimates is primarily driven by data differences, alternative specifications and measures of the relevant variables.

Suggested Citation

  • Hristos Doucouliagos & Katarina Zigova, 2025. "Minimum Wages and Human Capital Investment: A Meta‐Regression Analysis," British Journal of Industrial Relations, London School of Economics, vol. 63(4), pages 567-586, December.
  • Handle: RePEc:bla:brjirl:v:63:y:2025:i:4:p:567-586
    DOI: 10.1111/bjir.12881
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    Cited by:

    1. Katarina Zigova & Thomas Zwick, 2025. "Minimum Wages and Provision of Training," Economics of Education Working Paper Series 0242, University of Zurich, Department of Business Administration (IBW).

    More about this item

    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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