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Minimum hourly wages were randomly imposed on firms posting job openings in an online labor market. A higher minimum wage raised the wages of hired workers substantially. However, there was some reduction in hiring and large reductions in hours-worked. Treated firms hired more productive...
Persistent link: https://www.econbiz.de/10012951561
We estimate the spatially differential effects of a nationally uniform minimum wage that was introduced in Germany in 2015. To this end, we use a micro data set covering the universe of employed and unemployed individuals in Germany from 2011 to 2016 and a difference‐in‐differences based...
Persistent link: https://www.econbiz.de/10012916573
This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically insignificant. In contrast, affected firms increased prices much...
Persistent link: https://www.econbiz.de/10013315367
We analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model. Economic growth is driven by R&D activities of Northern entrepreneurs. Top Northern production technologies are imitated by the South. In the North, there is wage bargaining...
Persistent link: https://www.econbiz.de/10008583672
We study how incentives for North-South technology transfers in multinational enterprises are affected by labour market institutions. If workers are collectively organised, incentives for technology transfers are partly governed by firms' desire to curb trade union power. This will affect not...
Persistent link: https://www.econbiz.de/10013135262
-segment variation of the estimated effects is mostly driven by firm productivity levels rather than by search frictions or the …
Persistent link: https://www.econbiz.de/10012851339
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
welfare by increasing the low-productivity workers' consumption and bringing it closer to the first-best. The paper also … government's revenue needs, the social-welfare weight of low-productivity workers, and the numbers and productivities of the …
Persistent link: https://www.econbiz.de/10012919242
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10013051265
improvement over what can be achieved with an optimal income tax. The reason is that a graduated minimum wage requires high-productivity … workers to work more to earn the same income as low-productivity workers, which makes it more difficult for the former to … mimic the latter. In effect, a graduated minimum wage allows the low-productivity workers to benefit from second …
Persistent link: https://www.econbiz.de/10013054019