which minimum wage hikes affect labor demand. Our finding of a negative effect on vacancies is not inconsistent with the …

which minimum wage hikes affect labor demand. Our finding of a negative effect on vacancies is not inconsistent with the …

comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket … concentration turns out substantial in Germany. Absent wage floors, a 10 per-cent increase in labor market concentration makes firms …-fect competition, sectoral minimum wages lead to negative employment effects in slightlyconcentrated labor markets. This effect weakens …

comprehensive test of monopsony theory by using labor market concentration as a proxy for monopsony power. Labor market … concentration turns out substantial in Germany. Absent wage floors, a 10 percent increase in labor market concentration makes firms … competition, sectoral minimum wages lead to negative employment effects in slightly concentrated labor markets. This effect …