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In several OECD countries employer federations and unions fix skill-specific wage floors for all workers in an industry. One view of those "explicit" contracts argues that the prevailing wage structure reflects the labor market conditions back at the time when those contracts were bargained,...
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How does the value of a firm change in response to a minimum wage hike? The evidence we have to date is not well-suited to answer this question, principally because events that have been studied are not completely unknown to the stock market or have uncertainty associated with them. This paper...
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In this paper we use important new training and wage data from the British Household Panel Survey to estimate the impact of the national minimum wage (introduced in April 1999) on the work-related training of low-wage workers. We use two "treatment groups" for estimating the impact of the new...
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Solo self-employment is on the rise despite less favorable working conditions compared to traditional jobs. We show … that the introduction of minimum wages in German industries led to an increase in the share of solo self-employment by up … employment) dominates the positive substitution effect (shift towards high-skilled workers). Such situations can occur during an …
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schedules. We use trade-level data on average wages, employment, and other outcomes to examine the effects of changes in minimum … wages. Although the minimum wages were binding, we find that the effects on employment and other outcomes were modest. We …
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