Fitzenberger, Bernd; Garloff, Alfred - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of … the workers. Accordingly, increases in union minimum wages result in a decline of residual wage dispersion and higher … are not completely consistent with either theory. However, as predicted by search theory, one robust result is that …