heterogeneous labour and full information. -- Minimum wages ; unemployment ; hidden information ; labour market regulation …

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low …

Minimum wages generate an asymmetric pass-through of rm shocks across workers. We establish this result leveraging … response to negative rm productivity shocks, workers close to the wage oors experience higher job separations but no wage loss …. However, the wage of high-paid workers decreases, and more so in rms with higher incidence of minimum wages. A neoclassical …