cycle and variation attributable to more persistent structural features of the labor market. Our theoretical framework … combination of cyclical variation and the influence of market-level factors can explain virtually all of the variation in the …

wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects … of the introduction and subsequent uprating of the minimum wage on the prices of UK goods and services, comparing the … prices of goods produced by industries in which UK minimum wage workers make up a substantial share of total costs with the …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …

that it has specific benefits in terms of reducing prices, creating jobs, or increasing wages. While economists often … emphasize the consumer benefits of trade due to lower prices, only 20-40% of survey respondents in most countries perceive such …

without market imperfections can result in suboptimal outcomes for which government intervention has greater potential to …

creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is … that the magnitude of each destination depends on the market power of its beneficiary. All these results are robust to a …