"This paper examines the impact of minimum wage in a dominant firm model. It is shown that in a labor-intensive market, the introduction of a binding minimum wage creates an entry barrier in the short run and increases unemployment in the long run." (Author's abstract, IAB-Doku) ((en))

"This paper examines the impact of minimum wage in a dominant firm model. It is shown that in a labor-intensive market, the introduction of a binding minimum wage creates an entry barrier in the short run and increases unemployment in the long run." (Author's abstract, IAB-Doku) ((en))

In diesem Aufsatz gehen wir der Frage nach, wie sich die Einführung eines Mindestlohns in einem 'Dominante-Firma-Modell' auswirken wird. Wir haben gezeigt, dass in einer arbeitsintensiven Industrie, die von einem Großunternehmen dominiert wird, die Einführung eines Mindestlohns kurzfristig zu...

We consider the concept of a wage curve describing a negative relationship between unemployment and wages. We suggest an explanation of the wage curve using a number of theoretical labor market models, and present an empirical result of its determination for Russia obtained from analysis of...