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unskilled workers in the flexiwage economy and lower the unemployment in the minimum wage economy. This follows because … unemployment may be a source of competitive advantage due to the income effect. If the two countries differ only in terms of factor … endowments (but operate the same minimum wage) free trade moves the two countries towards an equalisation of unemployment …
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"The labor markets of important OECD countries show a similar picture: high wages and low unemployment for skilled … workers and low wages but high unemployment for low-skilled workers. During the last 10 years this fact has been studied under …
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Minimum wages, global markets, unemployment …
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We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a task-assignment model …
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We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a taskassignment model …
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According to economic theory, a minimum wage reduces the number of low-wage jobs and increases the number of available workers, allowing greater hiring selectivity. More competition for a smaller number of low-wage jobs will disadvantage immigrants if employers perceive them as less skilled than...
Persistent link: https://www.econbiz.de/10011421987
An increase in the minimum wage in immigrant destination countries raises the earnings that low-skilled migrants could expect to attain if they were to migrate. While some studies for the US indicate that a higher minimum wage induces immigration, contrasting evidence shows that immigrants are...
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