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We analyze the price pass-through effect of the minimum wage and use the results to provide insight into the competitive structure of low-wage labor markets. Using monthly price series, we find that the pass-through effect is entirely concentrated on the month that the minimum wage change goes...
Persistent link: https://www.econbiz.de/10011760047
We analyze the price pass-through effect of the minimum wage and use the results to provide insight into the competitive structure of low-wage labor markets. Using monthly price series, we find that the pass-through effect is entirely concentrated on the month that the minimum wage change goes...
Persistent link: https://www.econbiz.de/10012987315
employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony … States under concentrated labor markets and low-mobility jobs (two variables that measure monopsony), identify heterogeneous … effects among different scenarios derived from the monopsony model, and provide a plausible explanation of the mixed results …
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Diskussion rund um den Mindestlohn und für die Einordnung der Ergebnisse des oft zitierten Beitrages von Card und Krueger (1994 …) von Bedeutung zu sein. -- Arbeitsmarkt ; Monopson ; Substitutionselastizität und Ausbeutungsgrad …The market forms of monopsony/oligopsony are about the only ones where the introduction of minimum wages goes along …
Persistent link: https://www.econbiz.de/10009668292
The theoretical literature argues that labor markets outcomes are affected by real minimum wages. Real minimum wages, however, co-move with the business cycle; their correlation with labor market outcomes should therefore not be interpreted causally. We employ structural vector autoregression to...
Persistent link: https://www.econbiz.de/10012164678
We study a labor market where firm have private information about their ex-ante heterogeneous productivities and search is random. In this environment, a binding minimum wage can be efficiency-enhancing -- we show that setting it using a version of the Vickery-Clarke-Groves mechanism delivers...
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