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. -- Endogenous monopsony ; minimum wage ; noncompliance ; small firms …
Persistent link: https://www.econbiz.de/10003879354
. -- endogenous monopsony ; minimum wage ; noncompliance ; small firms …
Persistent link: https://www.econbiz.de/10003872293
The minimum wage rate has been introduced in many countries as a means of alleviating the poverty of the working poor. This paper shows, however, that an imperfectly enforced minimum wage rate causes small firms to face an upward-sloping labor supply schedule. Since this turns these firms into...
Persistent link: https://www.econbiz.de/10013157531
comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum … wages with theory. However, systematic evidence for themonopsony argument is scarce. In this paper, I perform a …
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
employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony … States under concentrated labor markets and low-mobility jobs (two variables that measure monopsony), identify heterogeneous … effects among different scenarios derived from the monopsony model, and provide a plausible explanation of the mixed results …
Persistent link: https://www.econbiz.de/10012391092
Persistent link: https://www.econbiz.de/10003955105
This paper investigates the degree of monopsony power of employers in different industries against the background of a …
Persistent link: https://www.econbiz.de/10011480762
Minimum wages decrease employment in competitive markets, but can increase it in monopsonistic markets so long as they do not exceed the marginal product of labour. We find evidence of non-monotonicity both by market structure and minimum wage level. Minimum wage hikes initially increase hours...
Persistent link: https://www.econbiz.de/10014507670
Contrary to the traditional analysis of the employment effects of minimum wage setting, this note shows that if compliance is contingent upon enforcement, complying with the minimum wage law involves a leftward shift of the labor demand curve rather than an upward movement along the curve....
Persistent link: https://www.econbiz.de/10014085071