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Do apparently large minimum wage increases in an environment of recession produce clearer evidence of disemployment effects than is typically observed in the new minimum wage literature? This paper augments the sparse literature on the most recent increases in the U.S. minimum wage, using three...
Persistent link: https://www.econbiz.de/10009516946
We use county-level data on employment and earnings in the restaurant-and-bar sector to evaluate the impact of minimum wage changes on low-wage labor markets. Our empirical approach is similar to the literature that has used state-level panel data to estimate minimum-wage impacts, with the...
Persistent link: https://www.econbiz.de/10003652693
This paper examines the impact of minimum wages on earnings and employment in selected branches of the retail-trade sector, 1990-2005, using county-level data on employment and a panel regression framework that allows for county-specific trends in sectoral outcomes. We focus on particular...
Persistent link: https://www.econbiz.de/10003737641
received no attention in the new trade theory and the new economic geography. We set up a simple monopolistic competition model …
Persistent link: https://www.econbiz.de/10003759291
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10003355651
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...
Persistent link: https://www.econbiz.de/10003894876
This paper provides a simple theory of geographical mobility which simultaneously explains people’s choice of … of production which seeks to obtain the highest possible economic return. Our theory comprehends applications to …
Persistent link: https://www.econbiz.de/10003608325
; delegation problem ; moral hazard ; search theory …
Persistent link: https://www.econbiz.de/10009006957
This paper pursues three aims. First, we provide a review of current theoretical advances which pertain to the relationship between trade, FDI and labor markets. We do so under the following (not mutually exclusive) headings: (1) slicing-up the value added chain and the turn to a task-based...
Persistent link: https://www.econbiz.de/10009313313
, Gibbons and Murphy (2002). -- aggregate welfare ; theory of the firm ; relational contracting ; firm heterogeneity …
Persistent link: https://www.econbiz.de/10009314275