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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10005822832
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The Effects of the Minimum Wage on Wages, Employment and Prices
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
This paper puts together evidence for the wages, employment and price effects of the minimum wage. This overall picture will help to understand the small employment effects prevalent in the literature in the light of price effects. The data used is an under-explored monthly Brazilian household...
Persistent link: https://www.econbiz.de/10005822091
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Political Variables as Instruments for the Minimum Wage
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
Following the early 1980s apparent consensus, there has been a controversial debate in the literature over the direction of the minimum wage employment effect. Explanations to nonnegative effects range from theoretical to empirical identification and data issues. An explanation, however, that...
Persistent link: https://www.econbiz.de/10005763846
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Are Wage and Employment Effects Robust to Alternative Minimum Wage Variables?
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
A national minimum wage cannot explain variation in wages or employment across regions. Identification of the effect of the minimum wage separately from the effect of other variables on wages or employment requires regional variation. Many minimum wage variables with regional variation have been...
Persistent link: https://www.econbiz.de/10005761644
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The Effect of the Minimum Wage on Prices
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
It is well established in the international literature that minimum wage increases compress the wages distribution. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are hundreds of studies on the employment effect of the minimum...
Persistent link: https://www.econbiz.de/10005761755
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The Effects of the Minimum Wage in the Formal and Informal Sectors in Brazil
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
The minimum wage literature is very limited on empirical evidence for developing countries. This already limited literature is even more limited on the effects of the minimum wage in the informal sector, where most of the poor are. Extending the understanding of minimum wage effects both in...
Persistent link: https://www.econbiz.de/10005761841
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A Menu of Minimum Wage Variables for Evaluating Wages and Employment Effects: Evidence from Brazil
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
The international literature on minimum wage greatly lacks empirical evidence from developing countries. Brazil’s minimum wage policy is a distinctive and central feature of the Brazilian economy. Not only are increases in the minimum wage large and frequent but the minimum wage has also been...
Persistent link: https://www.econbiz.de/10005761933
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The Effect of the Minimum Wage on Prices in Brazil
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
There is very little empirical evidence on the effects of the minimum wage on prices in the international literature and none whatsoever for developing countries. This paper estimates the minimum wage price effect using monthly Brazilian household and firm data from 1982 to 2000 aggregated at a...
Persistent link: https://www.econbiz.de/10005762065
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Evidence and Persistence of Education Inequality in an Early-Tracking System: The German Case
Krause, Annabelle; Schüller, Simone - Institute for the Study of Labor (IZA) - 2014
This article reviews empirical evidence on the early tracking system in Germany and the educational inequalities …
Persistent link: https://www.econbiz.de/10010990917
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Sufficient Statistic or Not? The Elasticity of Taxable Income in the Presence of Deduction Possibilities
Doerrenberg, Philipp; Peichl, Andreas; Siegloch, Sebastian - Institute for the Study of Labor (IZA) - 2014
several tax reforms that were implemented in Germany between 2001 and 2008. Our baseline estimates indicate an overall ETI of …
Persistent link: https://www.econbiz.de/10010990918