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This paper examines whether imposing minimum wage alters the characteristics of new businesses. Applying a difference-in-differences framework to repeated cross-sectional data of new plants, we explore the impact of minimum wage introduction on characteristics of new plants in South Korea. We...
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find significant effects from minimum wages on employment and monthly wages. However, we find a considerable negative …
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This paper presents and describes a new database of major minimum wage and collective bargaining (CB) shocks covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major shocks, which is valuable in...
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This paper studies how minimum wage policies affect firm employment in China using a unique county level minimum wage … or large profit margin increase employment, while those with low wages or small profit margin downsize. The increase in … the monopsony rent of firms.Our results provide evidence for the theoretical predictions of the positive minimum wage-employment …
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We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...
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in the business cycle. Minimum wage-induced reductions in employment are found to be larger during economic recessions. …
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