have monopsony power over undocumented workers because the undocumented may find it costly to participate in the open labor …

imply that frictions help explain minimum wage effects. -- minimum wage ; labor market flows ; monopsony ; Bayesian …

We propose a new fiscal transmission channel based on countercyclical monopsony power in the labor market. We develop a … Two-Agent New Keynesian model incorporating a time-varying degree of monopsony power, with workers valuing various job …

have monopsony power over undocumented workers because the undocumented may find it costly to participate in the open labor …

have monopsony power over undocumented workers because the undocumented may find it costly to participate in the open labor …

well as the underlying labour market flows, at the establishment level. The fact that minimum wages in Germany are sector … accessions and separations rise in East Germany as a result of the minimum wage introduction. The evidence on detailed worker …-to-job transitions in East Germany, which can be explained by a more compressed wage distribution making on-the-job search less …

well as the underlying labour market flows, at the establishment level. The fact that minimum wages in Germany are sector … accessions and separations rise in East Germany as a result of the minimum wage introduction. The evidence on detailed worker …-to-job transitions in East Germany, which can be explained by a more compressed wage distribution making on-the-job search less …

construction sector in Germany. Instead of estimating the effect on employment, the authors focus on the change of prices on a firm … estimations show that the minimum wage did have a different impact in East and West Germany. In East Germany, we find significant …, there was no significant price reaction observed for West Germany. The minimum wage seems too low compared to the wages paid …

, as well as accessions and separations and their underlying worker flows. The fact that minimum wages in Germany are … the minimum wage reduced worker flows in East Germany, the between approach yields positive effect on labour market … dynamics in West Germany. Our results can be explained by differences between East and West Germany with respect to the bite of …