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The minimum wage from a two-sided perspective
Brown, Alessio J.G.; Merkl, Christian; Snower, Dennis J. - In: Economics Letters 124 (2014) 3, pp. 389-391
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010930730
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Sclerosis and large volatilities: Two sides of the same coin
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - In: Economics Letters 117 (2012) 1, pp. 106-109
The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates.
Persistent link: https://www.econbiz.de/10010580537