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The ambiguous effect of minimum wages on workers and total hours
Strobl, Eric (contributor); Walsh, Frank A. (contributor) - 2007
We model a standard competitve labour market where firms choose combinations of workers and hours per worker to produce output. If one assumes that the scale of production has no impact on hours per worker, then the change in the number of workers and hours per worker resulting from a minimum...
Persistent link: https://www.econbiz.de/10003616666
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Anmerkungen zum Monopson am Arbeitsmarkt : der Zeithorizont macht den Unterschied
Sell, Friedrich L.; Reinisch, David C. - 2012
Ob die Marktform des Monopsons am Arbeitsmarkt vorliegt, ist fur die Frage des Für oder Wider des Mindestlohns von … Strukturen am Arbeitsmarkt nachgewiesen werden, die Einführung eines Mindestlohns nicht nur zu einer exogenen Lohnerhöhung für … gilt fur den Unternehmer mit Marktmacht am Arbeitsmarkt genau dasselbe, was auch fur alle anderen Unternehmer ohne …
Persistent link: https://www.econbiz.de/10009668292
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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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Monopsonistic Competition, Low-Wage Labour Markets, and Minimum Wages – An Empirical Analysis
Bachmann, Ronald - 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/10013000548
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Monopsonistic Competition, Low-Wage Labour Markets, and Minimum Wages : An Empirical Analysis
Bachmann, Ronald - 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/10012989840
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Minimum wages in concentrated labor markets
Popp, Martin - 2021
Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum 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...
Persistent link: https://www.econbiz.de/10012793056
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Minimum wages in concentrated labor markets
Popp, Martin - 2021
Economists increasingly refer to monopsony power to reconcile the absence of negative employment effects of minimum 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...
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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The evolution of technological substitution in low-wage labor markets
Aaronson, Daniel; Phelan, Brian J. - 2020
This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal...
Persistent link: https://www.econbiz.de/10012251904
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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