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It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
, low average wages, high level of business services and agglomeration of headquarters in the same sector of activity. …
Persistent link: https://www.econbiz.de/10005791881
congestion and that the current provision of roads exceeds the optimum given the absence of congestion pricing. …
Persistent link: https://www.econbiz.de/10008528527