Viele Kritiker gehen davon aus, dass im Zuge der Globalisierung der Kündigungsschutz und die Arbeitslosenunterstützung reduziert und gesetzliche Mindestlöhne gesenkt bzw. gar nicht erst eingeführt werden. Eine neue Studie, die den Einfluss von Globalisierung auf die Arbeitsmarktinstitutionen...

We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries

We assess the role of measurement error in minimum wage evaluations when the treatment variable - the bite - is inferred from a survey wage distribution. We conduct Monte Carlo experiments on both simulated and empirical distributions of measurement error derived from a record linkage of survey...

Viele Kritiker gehen davon aus, dass im Zuge der Globalisierung der Kündigungsschutz und die Arbeitslosenunterstützung reduziert und gesetzliche Mindestlöhne gesenkt bzw. gar nicht erst eingeführt werden. Eine neue Studie, die den Einfluss von Globalisierung auf die Arbeitsmarktinstitutionen...

The paper analyses the links between a binding minimum wage and union bargaining. A dual labour market model is developed where the first sector outcome is characterised by bargaining between unions and firms, while in the second sector firms have to pay a statutory minimum wage. It is shown...

Labor market studies on the effects of minimum wages are typically confined to the sector or worker group directly affected. We present a two-sector search model in which one sector is more productive than the other one and thus, pays higher wages. In such a framework, setting a minimum wage in...

While the employment effects of minimum wages are usually reported to be small (suggesting low substitutability between skill types), direct estimates suggest a much larger degree of substitutability. This paper argues that this paradox is largely due to a bias induced by the aggregation of...

It is well-known that, in static models, minimum wages generate positive worker rents and, consequently, inefficiently low e?ort. We show that this result does not necessarily extend to a dynamic context. The reason is that, in repeated employment relationships, ?rms may exploit workers' future...

In this paper, we explore employers' decisions regarding the employment of legal and illegal immigrants in the presence of endogenous adjustment cost, minimum wages and an enforcement budget. We show that increasing the employment of legal foreign workers will increase the number of illegal...

Mit zunehmender Intensität wird in Deutschland über die Einführung von Mindestlöhnen diskutiert. Deren Befürworter argumentieren, dass die Löhne vollzeitbeschäftigter Arbeitnehmer ausreichen müssen, um ohne staatliche Unterstützung leben zu können. Die vorliegende Untersuchung zeigt...