Shilov, Andrey; Tourovsky, Boris - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2008
"This paper examines the impact of minimum wage in a dominant firm model. It is shown that in a labor-intensive market, the introduction of a binding minimum wage creates an entry barrier in the short run and increases unemployment in the long run." (Author's abstract, IAB-Doku) ((en))