In all continental European countries there exist non-market mechanisms that determine or `regulate` wage rates for the low-paid. We consider the experience of three countries that have national minimum wages France, Belgium, and the Netherlands - and three where low wage rates are determined...

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...