THE WAGE AND EMPLOYMENT DYNAMICS OF MINIMUM WAGE WORKERS * March 2002 David A. Macpherson Department of Economics Florida State University Tallahassee, FL 32312 dmacpher@coss.fsu.edu 850-644-3586 William E. Even Department of Economics Miami University Oxford, OH 45056 evenwe@muohio.edu 513-529-2865 * We are grateful to the referees for several useful comments that helped improve the paper.