The Political Economy of the "National Minimum Wage Institution".

Whilst their products are substituable for the consumer, there exist technological asymmetries across the unionized sectors of an economy. There are high-tech as well as low-tech sectors. We show, that, due to those asymmetries in productivity, inter-sectoral minimum wage agreements may endogenously emerge, always being the medianvoter's most preferred outcome.

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Year of publication:	1999
Authors:	Petrakis, E. ; Vlassis, M.
Institutions:	Department of International and European Economic Studies, Athens University of Economics and Business (AUEB)
Subject:	MINIMUM WAGE \| WORKERS' REPRESENTATION \| ECONOMIC POLICY

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Series:	DEOS Working Papers.
Type of publication:	Book / Working Paper
Notes:	31 pages
Classification:	J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008619381