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In view of rising wage inequality and increasing poverty, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of the introduction of a nationwide legal minimum wage of € 7.5 per hour on the basis of a...
Persistent link: https://www.econbiz.de/10010324261
While the employment effects of minimum wages are usually reported to be small (suggesting low substitutability between skill types), direct estimates suggest a much larger degree of substitutability. This paper argues that this paradox is largely due to a bias induced by the aggregation of...
Persistent link: https://www.econbiz.de/10010324516
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10010324545
We analyze the impact of unemployment benefits and minimum wagesusing an equilibrium search model which allows for dispersion ofbenefits and productivity levels, job-to-job transitions, andstructural and frictional unemployment. The estimation method usesreadily available aggregate data on...
Persistent link: https://www.econbiz.de/10010324554
There has been much attention for the causes of the increase in wageinequality in the United States since the mid seventies. DiNardo,Fortin, and Lemieux (1996) showed that minimum wages can explain 25%. The present paper uses a more general approach requiring noassumptions on how minimum wages...
Persistent link: https://www.econbiz.de/10010324600
This paper develops a model in which workers are heterogeneous in their intrinsic motivation to work at a firm. We characterise optimal incentive schemes and examine how the firm can attract and select highly motivated workers to fill a vacancy when workers’ motivation is private information....
Persistent link: https://www.econbiz.de/10010324756
Das Mindestlohn-Kompendium trägt alle wichtigen Informationen zusammen, die in der Mindestlohndebatte interessant sind … höher als der Gleichgewichtslohn ist. Empirische Analysen über den Mindestlohn in Deutschland ergeben, dass sich der … Mindestlohn im ostdeutschen Bauhauptgewerbe und im gesamtdeutschen Dachdeckerhandwerk negativ auf die Beschäftigung ausgewirkt hat …
Persistent link: https://www.econbiz.de/10010325130
Economists have examined the impact of labor market regulations on the level of employment. However, there are many reasons to suspect that the impact of regulations differs across types of workers. In this paper we take advantage of the unusually large variance in labor policy in Chile to...
Persistent link: https://www.econbiz.de/10010327097
Ein allgemeiner, gesetzlicher Mindestlohn ist nach den Bundestagswahlen 2013 ein ganz wichtiges politisches Thema in …
Persistent link: https://www.econbiz.de/10010327947
Why do not people evade more taxes when their gain from evasion is higher than the expected penalties? Why does only a small minority evade when a large majority is willing to? These tax evasion puzzles are explained in a labour market framework where employees may combine reported work in firms...
Persistent link: https://www.econbiz.de/10010330237