Knabe, Andreas (contributor); Schöb, Ronnie (contributor) - 2008
statutory minimum wage of EUR 7.50 per hour would cost 840,000 low-paid jobs and increases the fiscal burden by about EUR 4 … employment depending on the subsidies’ incidence and income effects. Wage subsidies also allow a more equal income distribution …Using data from the 2006 wave of the German Socio-Economic Panel (GSOEP), this paper analyzes how a minimum wage …