China's Industrial Transfer Policy (ITP) is a novel place-based development policy of unprecedented scale. The policy targets a set of inland cities aiming to i) grow them in size and ii) restructure them into manufacturing hubs. These cities would eventually relieve pressure in China's coastal...

We examine a subminimum wage policy in the Finnish retail trade sector during 1993-1998 that allowed firms to pay subminimum wages to newly hired workers under the age of 25. This quasi-experiment enables us to compare wages for new hires in retail trade with those in similar industries. Despite...

Chapter 1. introduction -- Chapter 2. The German Hyperinflation of 1923 -- Chapter 3. Macroeconomic Developments from the End of theof the 1960s to the early 1980s -- Chapter 4. The Inflation Wave from the Late 1960s onward -- Chapter 5. Comparison of developments in the various countries --...

This article studies the historical evolution of the minimum wage policy in Mexico. From 1940 to 2021, the determination of the minimum wage changed from local control to the federal government. This implies a reduction in the number of geographic zones determining a minimum wage over time. We...

Die vorliegende Analyse untersucht, welche Zusammenhänge zwischen dem Tarifgeschehen sowie den seit Juni 2020 von der Mindestlohnkommission beschlossenen Anpassungen des gesetzlichen Mindestlohns bestehen und welchen Einfluss der politische Eingriff in den Anpassungsmechanismus im Jahr 2022...

We model and analyze employer cartels that fix wages by committing to a wage ceiling. The setting is a frictional labor market with large employers that compete for workers via posted wages. Wage fixing reduces competition both inside and outside the cartel, leading to market-wide wage...

Dieser Beitrag analysiert Deutschlands exportorientiertes Wachstumsmodell in den Jahren 1991 bis 2019. Er richtet sich speziell an Leserinnen und Leser mit Interesse an politökonomischen Problemstellungen, aber ohne spezielle Vorkenntnisse über Forschungsansätze der Vergleichenden Politischen...

We describe the economic history of the rise of the American minimum wage between 1910 and 1968. Each new FLSA amendment led to a new peak in the real purchasing power of the national minimum. Exemptions to the FLSA were progressively closed and the share of workers covered finally increased...

The public sector plays a large role in many developing economies, but its effect on earnings inequality dynamics has not been widely studied. In this paper, we investigate the earnings inequality trends and their determinants in the decades before and after the Tunisian Revolution, focusing on...

Die Inflationsdynamik hat sich bislang noch nicht auf die gesamtwirtschaftliche Tariflohndynamik übertragen. Es gab zwar einzelne Abschlüsse, die überdurchschnittlich hoch ausfielen - etwa der Abschluss in der Eisenund Stahlindustrie, der neben einem einmaligen "Energiebonus" von 500 Euro...

This paper applies principles from evolutionary biology to the study of unions. We show that unions which maximize the present discounted wages of current members will be displaced in evolutionary competition by unions with more moderate wage policies that allow their firms to live longer. This...

Dieser Beitrag analysiert Deutschlands exportorientiertes Wachstumsmodell in den Jahren 1991 bis 2019. Er richtet sich speziell an Leserinnen und Leser mit Interesse an politökonomischen Problemstellungen, aber ohne spezielle Vorkenntnisse über Forschungsansätze der Vergleichenden Politischen...

The paper develops a simple stochastic new open economy macroeconomic model based on sticky nominal wages. Explicit solution of the wage-setting problem under uncertainty allows one to analyze the effects of the monetary regime on welfare, expected output, and the expected terms of trade....

This paper demonstrates that, contrary to a widely-held opinion, the determination of the goals of unions is fully amenable to empirical analysis. A characterization of the wage and employment-setting process in unionized markets is adopted and its qualitative implications examined. The...

Using data from 17 OECD countries over the 1960-96 period, we investigate the impact of institutions on the relative employment of youth, women, and older individuals. Theoretically, we show that labor market institutions meant to improve workers' income share imply larger disemployment effects...

Wage and price controls have a long and somewhat disreputable history, presumably because of their frequent use in many countries as short run substitutes for measure~ with more lasting effects on the inflation rate. But, in 1985 and 1986, Argentina, Brazil, and Israel used extensive wage-price...

Wage inequality in Sweden declined precipitously during the 1960s and the 1970s. There was a sharp reduction in overall wage dispersion and in the relative earnings advantage of highly-educated workers, a marked narrowing of wage differences between men and women, and a trend increase in youth...

The Government of India is leveraging wage policy as a part of overall fiscal policy actions to protect the income of the informal and migrant workers affected by the COVID-19 pandemic and resultant lockdown measures. The statutory minimum wages through its redistributive mechanism and MGNREGS...

This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource...

This paper examines the performance of minimum wage legislation in Kenya, both in terms of its coverage and enforcement as well as in terms of their implications for wages and employment. Our findings based on the 1998/99 labor force data - the last labor force survey available - indicate that...

We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...

The model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of...

Along with house rents, wages have frequently been described as the "stickiest" prices in the economy, rarely adjusted more than once a year. Because of this stickiness (which arises from the transactions costs involved in changing wages), a distinction exists between the adjustment of wages and...

This paper contains a theoretical analysis of and summaries of empirical information on consequences of wage floors in the labor market imposed by minimum wages and by labor unions. Excess supplies are rationed in part probabilistically ("first come, first served"), and in part systematically --...