Braun, Helge; Döhrn, Roland; Krause, Michael; Micheli, … - In: Jahrbücher für Nationalökonomie und Statistik 240 (2020) 2-3, pp. 351-386
This paper analyzes the introduction of the German minimum wage in 2015 in a structural model geared to quantitatively assess its long-run economic effects. We first employ a simple neoclassic model where wages equal theirmarginal product, then extend thismodel to two sector economy, and finally...