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Employment and the minimum wage : a pluralist approach
Schütz, Bernhard - 2018
When discussing the employment effects of minimum wages, mainstream economic discussion as well as mainstream economics textbooks mainly center around two variations of the neoclassical model: the model of the competitive and the monopsonistic labor market. The current paper offers a different...
Persistent link: https://www.econbiz.de/10011870394
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Thorstein Veblen, Joan Robinson, and George Stigler (probably) never met : social preferences, monopsony, and government intervention
Goerke, Laszlo; Neugart, Michael - 2020
Wages and employment are too low in a monopsony. Furthermore, a minimum wage or a subsidy may raise employment up to its first-best level. First, we analyze whether these important predictions still hold if workers compare their income to that of a refer- ence group. Second, we show that the...
Persistent link: https://www.econbiz.de/10012160637
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Monopsonistic competition, low-wage labour markets, and minimum wages : an empirical analysis
Bachmann, Ronald; Frings, Hanna - 2016
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...
Persistent link: https://www.econbiz.de/10011480762
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Minimum wages in concentrated labor markets
Popp, Martin - 2021
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 concentration as a proxy for monopsony power. Labormarket …
Persistent link: https://www.econbiz.de/10012793056
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Minimum wages in concentrated labor markets
Popp, Martin - 2021
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 concentration as a proxy for monopsony power. Labor market … ökonomischen Theorie in Einklang zu bringen. In der Literatur finden sich jedoch kaum systematische Belege für das Monopson …
Persistent link: https://www.econbiz.de/10012795776
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Minimum wages in monopsonistic labor markets
Corella, Luis Felipe Munguia - In: IZA Journal of Labor Economics 9 (2020) 1/7, pp. 1-28
Over the last 30 years, researchers have disputed the mixed evidence of the effect of the minimum wage on teenage employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony models to explain their results. However, very few of...
Persistent link: https://www.econbiz.de/10012391092
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Monopsony power, offshoring, and a European minimum wage
Egger, Hartmut; Kreickemeier, Udo; Wrona, Jens - 2024
This paper sets up a two-country model of offshoring with monopolistically competitive product and monopsonistically competitive labour markets. In our model, an incentive for offshoring exists even between symmetric countries, because shifting part of the production abroad reduces local labour...
Persistent link: https://www.econbiz.de/10014467358
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Introducing minimum wages in Germany : employment effects in a post Keynesian perspective
Heise, Arne; Pusch, Toralf - 2018 - Revised version
There has been a long discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market...
Persistent link: https://www.econbiz.de/10011803177
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Positive and Normative Effects of a Minimum Wage
Rocheteau, Guillaume - 2008
Persistent link: https://www.econbiz.de/10012723657
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Non-monotonic employment effects by market structure and minimum wage level
Devereux, Kevin; Studnicka, Zuzanna - 2024
Minimum wages decrease employment in competitive markets, but can increase it in monopsonistic markets so long as they do not exceed the marginal product of labour. We find evidence of non-monotonicity both by market structure and minimum wage level. Minimum wage hikes initially increase hours...
Persistent link: https://www.econbiz.de/10014507670