firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that … minimum wage hikes accelerate the input substitution from labor to capital, reduce employment growth and accelerate total …

affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a … employment - depending on the subsidies' incidence - and income effects. Wage subsidies also allow a more equal income … distribution than statutory minimum wages. Combining a minimum wage with a wage subsidy, similar to the French minimum wage system …

to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of …

I investigate the contribution of pharmaceutical innovation to recent longevity growth in Germany and France. First, I …-2006. The estimates imply that chemotherapy innovation accounted for at least one-sixth of the decline in French cancer …

-owned businesses. The staggered introduction of these set-aside programs is used to estimate their impacts on the self-employment and … employment rates of African-American men. Black business ownership rates increased significantly after program initiation, with … the black-white gap falling three percentage points. The evidence that the racial gap in employment also fell is less …

productive firms in this setting are not only larger and make higher profits but they also have to pay higher wages due to rent … operating profits and hence have to pay higher wages than non-exporters. This exporter wage premium provides a source for losses … from trade and, all other things equal, makes a negative employment effect of trade more likely. Furthermore, it …