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Our paper examines the effects of the significant 2019 minimum wage hike in Spain on labour market outcomes, prices, and firm bankruptcies. We use the synthetic control method (SCM) to analyze the impact of the policy on the Spanish economy. We find no significant impact of the minimum wage...
Persistent link: https://www.econbiz.de/10015165301
Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum wages with theory. However, systematic evidence for themonopsony argument is scarce. In this paper, I perform a comprehensive test of monop-sony theory by using labor market...
Persistent link: https://www.econbiz.de/10012793056
Economists increasingly refer to monopsony power to reconcile the absence of negative employment effects of minimum wages with theory. However, systematic evidence for the monopsony argument is scarce. In this paper, I perform a comprehensive test of monopsony theory by using labor market...
Persistent link: https://www.econbiz.de/10012795776
We estimate the effect of the introduction of the UK’s National Living Wage in 2016, and increases in it up to 2019, using a new empirical method. We apply a bunching approach to a setting with no geographical variation in minimum wage rates. We effectively compare employment changes in each...
Persistent link: https://www.econbiz.de/10012802873
This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal...
Persistent link: https://www.econbiz.de/10012251904
This study follows the Lordan and Neumark (2018) analysis for the US, and examines whether minimum wage increases affect employment opportunities in automatable jobs in the UK for low-skilled low-wage workers. Overall, I find that increasing the minimum wage decreases the share of automatable...
Persistent link: https://www.econbiz.de/10012127323
When Ecuador raised its monthly Unified Minimum Wage from $170 to $200 in 2008, it affected 35 percent of all private sector workers. We use this unexpected minimum wage hike under former president Rafael Correa to assess the labor market impacts of the minimum wage. We use an administrative...
Persistent link: https://www.econbiz.de/10012495684
The paper aims to assess the impact of selected elements of social harmonization on labor market performance in the European Union among two groups of workers - the total working population and the elderly. The aim is to examine whether upward changes in labor taxes affect employment,...
Persistent link: https://www.econbiz.de/10011852666
This paper examines employment and hours impacts of the 1999 introduction of the UK National Minimum Wage (NMW) and the 2016 introduction of the UK National Living Wage (NLW) in Northern Ireland (NI). NI is the only part of the UK with a land border where the NMW and NLW cover those working on...
Persistent link: https://www.econbiz.de/10011872227
This paper studies the effects of the introduction of Germany's statutory minimum wage in 2015 on employment and unemployment on the level of regional labor markets. Using variation in the regional exposure to the new wage floor, we employ a difference-in-differences approach that compares the...
Persistent link: https://www.econbiz.de/10011989134