Fitzenberger, Bernd; Garloff, Alfred - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2005
It is commonplace in the debate on Germany's labor market problems to argue hat high unemployment and low wage … with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of … the workers. Accordingly, increases in union minimum wages result in a decline of residual wage dispersion and higher …