Cover -- Contents -- Preface -- 1 Introduction -- 2 Descriptive Evidence on Minimum Wage Effects -- 3 A Model of Minimum Wage Effects on Labor Market Careers -- 4 Labor Market and Welfare Impacts of Minimum Wages -- 5 Minimum Wage Effects on Labor Market Outcomes -- 6 Assessing the Welfare...

This paper examines the relationship among economic context, political institutions, and the political dynamics of adjustment within national models of capitalism through an analysis of recent labor-market reform in France and Germany. It argues that a climate of economic austerity since the...