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Asymmetric Information Renders Minimum Wages Less Harmful

Schöb, Ronnie - 2009

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information

Persistent link: https://www.econbiz.de/10013160522

Minimum Wage Incidence : The Case for Germany

Knabe, Andreas - 2008

affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a … statutory minimum wage of EUR 7.50 per hour would cost 840,000 low-paid jobs and increases the fiscal burden by about EUR 4 … billion per year, while household income rises only by EUR 1.1 billion per year. Poor households, i.e. those eligible for …

Persistent link: https://www.econbiz.de/10012769311

North-South Technology Transfer in Unionised Multinationals

Lommerud, Kjell Erik - 2010

We study how incentives for North-South technology transfers in multinational enterprises are affected by labour market institutions. If workers are collectively organised, incentives for technology transfers are partly governed by firms' desire to curb trade union power. This will affect not...

Persistent link: https://www.econbiz.de/10013135262

Wage and Employment Effects of Non-Binding Minimum Wages

Dittrich, Marcus - 2010

Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment. Empirical and experimental research, however, has shown that the introduction of a minimum wage can raise even those wages that were already above the new minimum wage. In this...

Persistent link: https://www.econbiz.de/10013139416

Spillover Effects of Minimum Wages : Theory and Experimental Evidence

Dittrich, Marcus - 2011

We study the spillover effects of minimum wages in a laboratory experiment. In a bilateral firm-worker bargaining setting, we find that the introduction of a minimum wage exerts upward pressure on wages even if the minimum wage is too low to be a binding restriction. Furthermore, raising the...

Persistent link: https://www.econbiz.de/10013120274

Minimum Wage, Trade and Unemployment in General Equilibrium

Marjit, Sugata - 2020

The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...

Persistent link: https://www.econbiz.de/10012835193

The Bazaar Effect, Unbundling of Comparative Advantage, and Migration

Kohler, Wilhelm - 2007

Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this reflects an unbundling of comparative advantage. Using a model where Ricardian plus Heckscher-Ohlin-type comparative advantage relates to fragments of production, I compare a trading...

Persistent link: https://www.econbiz.de/10012777491

Minimum Wages and the Labor Market Effects of Immigration

Edo, Anthony - 2017

We exploit the non-linearity in the level of minimum wages across US States created by the coexistence of federal and state regulations to investigate how minimum wages affect the labor market impact of immigration. We find that the effects of immigration on labor market outcomes of native...

Persistent link: https://www.econbiz.de/10012951556

Price Floors and Employer Preferences : Evidence from a Minimum Wage Experiment

Horton, John J. - 2017

Minimum hourly wages were randomly imposed on firms posting job openings in an online labor market. A higher minimum wage raised the wages of hired workers substantially. However, there was some reduction in hiring and large reductions in hours-worked. Treated firms hired more productive...

Persistent link: https://www.econbiz.de/10012951561

Minimum Wages in the Presence of In-Kind Redistribution

Economides, George - 2017

To many economists the public's support for the minimum wage (MW) institution is puzzling, since the MW is considered a “blunt instrument” for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in ability. In the first model, the government does...

Persistent link: https://www.econbiz.de/10012951678