Aaronson, Daniel (contributor); French, Eric (contributor) - 2003 - [Elektronische Ressource]
employment in response to a 10 percent minimum wage change. We then introduce monopsony power in local la- bor markets. We … identify the extent of monopsony power using information on the degree to which minimum wage cost shocks are passed on to … to an increase in the minimum wage, the monopsony model potentially implies that employment can rise and prices fall in …
