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and productivity developments in Germany, the European Union's periphery countries Greece, Ireland, Portugal, and Spain … past times of low productivity, price inflation and reductions in unemployment put significant upward pressure on wage …, aiming at aligning wage growth with labour productivity growth at the national levels. In this context, we analyse the wage …
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This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the labor market, the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled workers with higher reservation wages are employed. This...
Persistent link: https://www.econbiz.de/10003450505
This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the labor market, the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled workers with higher reservation wages are employed. This...
Persistent link: https://www.econbiz.de/10003578503
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This study investigates the impacts of the minimum wage on U.S. regional labor markets. Using ten years of county-level data, we examine the relationship between the minimum wage and several key components of the labor market. Following past research, the number of people in the labor force is...
Persistent link: https://www.econbiz.de/10014582379
% compared to what would prevail in the absence of the minimum wage, an effect attributable to (i) unemployment effects of the …
Persistent link: https://www.econbiz.de/10012112129