Showing 1 - 10 of 1,315
imply that frictions help explain minimum wage effects. -- minimum wage ; labor market flows ; monopsony ; Bayesian …
Persistent link: https://www.econbiz.de/10009310198
Persistent link: https://www.econbiz.de/10012510756
have monopsony power over undocumented workers because the undocumented may find it costly to participate in the open labor …
Persistent link: https://www.econbiz.de/10014311686
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 …
Persistent link: https://www.econbiz.de/10014393266
We assess alternative research designs for minimum wage studies. States in the U.S. with larger minimum wage increases differ from others in business cycle severity, increased inequality and polarization, political economy, and regional distribution. The resulting time-varying heterogeneity...
Persistent link: https://www.econbiz.de/10010195464
In this paper, the authors present a new approach to estimate the impact of a minimum wage on the labor market of the construction sector in Germany. Instead of estimating the effect on employment, the authors focus on the change of prices on a firm level in order to differentiate between a...
Persistent link: https://www.econbiz.de/10010195673
Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum wage do not live in poor (or near-poor) families. A...
Persistent link: https://www.econbiz.de/10010366925
On the 1st of January 2016 the Irish National Minimum Wage increased from €8.65 to €9.15 per hour, an increase of approximately six percent. We use a difference-in-differences estimator to evaluate whether the change in the minimum wage affected the hours worked and likelihood of job loss of...
Persistent link: https://www.econbiz.de/10011880306
The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have prevented an otherwise sharper contraction. Many countries introduced or expanded job-retention schemes to preserve jobs and support households. This paper uses a microsimulation...
Persistent link: https://www.econbiz.de/10014254891
We analyze the price pass-through effect of the minimum wage and use the results to provide insight into the competitive structure of low-wage labor markets. Using monthly price series, we find that the pass-through effect is entirely concentrated on the month that the minimum wage change goes...
Persistent link: https://www.econbiz.de/10011509081