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has ex-post monopsonistic power that drives trained workers’ wages below the socially-optimal level. The emergence of …
Persistent link: https://www.econbiz.de/10005666579
The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge … this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects …’ reservation wages. The temporary introduction of a minimum wage leads to a rise in subjects’ reservation wages that persists even …
Persistent link: https://www.econbiz.de/10005124189
to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches …
Persistent link: https://www.econbiz.de/10005067455
oppoortunities. Estimation of wages using panel data for a sample of legalized men and a comparison sample of legal workers provides …
Persistent link: https://www.econbiz.de/10004971349
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The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the breakdown of a command economy and the transformation to a market economy? Second, which way ahead is likely, or to put it differently, what should be done now to improve...
Persistent link: https://www.econbiz.de/10005067622
Persistent link: https://www.econbiz.de/10005032855
Evidence from a range of countries suggests the existence of a "wage curve" -an inverse relation between earnings of individual workers and the rate of unemployment in the region in which they live. If such a relation does exist it has important implications for labour market theory and policy....
Persistent link: https://www.econbiz.de/10005032879