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Minimum Wages, Capital Accumulation and Worker's Incomes

Economides, George; Moutos, Thomas - 2014

Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability...

Persistent link: https://www.econbiz.de/10010398531

Minimum Wages as a Redistributive Device in the Long Run

Economides, George; Moutos, Thomas - 2014

This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...

Persistent link: https://www.econbiz.de/10010435748

Can Minimum Wages Raise Workers' Incomes in the Long Run?

Economides, George; Moutos, Thomas - 2016

Using an intertemporal model of saving and capital accumulation with two types of agents (workers and capitalists) we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to...

Persistent link: https://www.econbiz.de/10011522413

Strategic outsourcing, profit sharing and equilibrium unemployment

Koskela, Erkki; König, Jan - 2007

, profit sharing, and equilibrium unemployment depending on whether in other industries profit share is or is not a part of the …. Under flexible profit sharing wage is higher if optimal profit share is small enough. For equilibrium unemployment, we find … that if there is no profit sharing in other industries, outsourcing will decrease the unemployment rate. But if profit …

Persistent link: https://www.econbiz.de/10010264267

Flexible outsourcing, profit sharing and equilibrium unemployment

Koskela, Erkki; König, Jan - 2008

outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment. …

Persistent link: https://www.econbiz.de/10010264425

The role of profit sharing in a dual labour market with flexible outsourcing

Koskela, Erkki; König, Jan - 2009

We analyze the following questions associated with flexible outsourcing under partly imperfect dual domestic labour markets, where high skilled workers participate in firm's profit via profit sharing: How does the implementation of profit sharing influence flexible outsourcing? What is the...

Persistent link: https://www.econbiz.de/10010264546

Can profit sharing lower flexible outsourcing?: a note

Koskela, Erkki; König, Jan - 2009

We analyze the following question associated with flexible outsourcing under imperfect domestic labour market: How does the implementation of profit sharing influence flexible outsourcing? We show that in general profit sharing has a negative effect on low skilled wage and thus an outsourcing...

Persistent link: https://www.econbiz.de/10010264604

Profit sharing, wage formation and flexible outsourcing under labor market imperfection

Koskela, Erkki; König, Jan - 2010

We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...

Persistent link: https://www.econbiz.de/10010266078