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This paper investigates if changes in the minimum wage have influenced changes on the formality and informality rates, and the level of wages in Ecuador. A 12-year panel was built. It allows to overcome the short time span of household data and so to characterize changes over time. Results...
Persistent link: https://www.econbiz.de/10010228735
This paper investigates the degree of monopsony power of employers in different industries against the background of a statutory minimum wage introduction in Germany in January 2015. A semi-structural estimation approach is employed based on a dynamic model of monopsonistic competition. The...
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The literature on macroeconomic agent-based models (MABMs) has gained growing attention since the early 2000s. Most MABMs dealing with market regulations have been focusing on the financial market. In contrast, only a small number of MABMs investigate the effects of labor market regulations. In...
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wages with theory. However, systematic evidence for themonopsony argument is scarce. In this paper, I perform a … comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …
Persistent link: https://www.econbiz.de/10012793056
wages with theory. However, systematic evidence for the monopsony argument is scarce. In this paper, I perform a … comprehensive test of monopsony theory by using labor market concentration as a proxy for monopsony power. Labor market … ökonomischen Theorie in Einklang zu bringen. In der Literatur finden sich jedoch kaum systematische Belege für das Monopson …
Persistent link: https://www.econbiz.de/10012795776
Over the last 30 years, researchers have disputed the mixed evidence of the effect of the minimum wage on teenage employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony models to explain their results. However, very few of...
Persistent link: https://www.econbiz.de/10012391092