"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 study draws on data collected for Russia to investigate the existence of a wage curve over the period 1995-2005. When wage levels are expressed in U.S. dollars, we find a highly significant negative wage elasticity coefficient close to - 0.1.