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This paper assesses Estonia’s flexibility from two angles. The paper focuses on one aspect of that performance—the ability to sustain competitiveness. Then, a more forward-looking angle is the flexibility of Estonia’s labor and product markets. Estonia has made great...
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This paper studies how minimum wages affect the wage distribution if firms face financial constraints. Using German employer-employee data and firm balance sheets, we document that the within-firm wage dispersion decreases more with higher minimum wages when firms are financially constrained. We...
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- a 10 percent mandatory top-up in the Minimum Wage (MW) for married individuals - in Greece in November 2012. Using data …
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During the last decade, unemployment in Greece climbed up to 28%, almost quadrupling due to the economic crisis that … hit Greece. In the present paper, we examine the determinants of the unemployment dynamics and the impact of the minimum … wage on the probability of making a transition into and out of unemployment. We use micro-level data from the Greek Labour …
Persistent link: https://www.econbiz.de/10012622888
During the last decade, unemployment in Greece climbed up to 28%, almost quadrupling due to the economic crisis that … hit Greece. In the present paper, we examine the determinants of the unemployment dynamics and the impact of the minimum … wage on the probability of making a transition into and out of unemployment. We use micro-level data from the Greek Labour …
Persistent link: https://www.econbiz.de/10013198902
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