centralized bargaining inhibits firms from using wages to induce workers to learn how to use their experience from one set of …

incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective …, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer …