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Holdup in oligopsonistic labour markets : a new role for the minimum wage

Kaas, Leo (contributor); Madden, Paul (contributor) - 2006

competitors. Because workers participate in the returns on investment while only firms bear the costs, investment is inefficiently … low. A binding minimum wage can achieve the first--best level of investment, both in the short run for a given number of … firms and in the long run when the number of firms is endogenous. -- holdup ; investment ; minimum wage …

Persistent link: https://www.econbiz.de/10003301661

Bismarck versus Beveridge : which unemployment compensation system is more prone to labor market shocks?

Beissinger, Thomas; Büsse, Oliver - 2001

Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both...

Persistent link: https://www.econbiz.de/10011403752

The impact of product market competition on employment and wages

Amable, Bruno; Gatti, Donatella - 2001

Standard economic wisdom generally stresses the benefits of increased competition on the product market. This paper proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment, where wages are determined according to an efficiency...

Persistent link: https://www.econbiz.de/10011401048

Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets

Danziger, Leif - 2009

This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...

Persistent link: https://www.econbiz.de/10003897515

Oligopsony, institutions and the efficiency of general training

Booth, Alison L.; Francesconi, Marco; Gylfi Zoega - 2002

In oligopsonistic labour markets, firms have some market power, and a wedge is created between wages and marginal product. When oligopsonistic firms' production technology requires generally trained workers, firms may therefore receive part of the returns to general training and be willing to...

Persistent link: https://www.econbiz.de/10011414246

Oligopoly and outsourcing

Bandyopadhyay, Subhayu (contributor); … - 2005

sectors. -- outsourcing ; oligopoly ; minimum wage …

Persistent link: https://www.econbiz.de/10003227215

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …

Persistent link: https://www.econbiz.de/10011412072

Equilibrium unemployment and investment under product and labour market imperfections

Kauppi, Heikki (contributor); Koskela, Erkki (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001948646

How does the minimum wage affect firm investments in fixed and human capital? : evidence from China

Haepp, Tobias; Lin, Carl - 2016

of the minimum wage on human capital investment rates and no overall effects on fixed capital investment rates. When …

Persistent link: https://www.econbiz.de/10011580664

Effects of credit supply on unemployment and inequality

Bandyopadhyay, Subhayu; Dinopoulos, Elias; Unel, Bulent - 2016

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...

Persistent link: https://www.econbiz.de/10011494040

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