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This paper investigates the degree of monopsony power of employers in different industries against the background of a statutory minimum wage introduction in Germany in January 2015. A semi-structural estimation approach is employed based on a dynamic model of monopsonistic competition. The...
Persistent link: https://www.econbiz.de/10011408479
robust empirical evidence that population aging depresses real estate prices and rents. Using millions of individual real … have been up to 12% higher, if the population age distribution had been the same as in 2008. We show that population aging … demand for living space and live-cycle dissaving are driving our results. We predict that population aging will continue to …
Persistent link: https://www.econbiz.de/10013415857