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We conduct a laboratory experiment to study spillover effects of minimum wages on wages above the minimum. In a bilateral firm-worker bargaining setting, the participants sit face-to-face and make alternating offers. We find that the introduction of a minimum wage exerts upward pressure on wages...
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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...
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To estimate the impact of raising the minimum wage on employment, this article uses a natural experiment, arising from six increases in the Western Australian statutory minimum wage during the period 1994-2001. Relative to the rest of Australia, the employment to population ratio in Western...
Persistent link: https://www.econbiz.de/10014074283
To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
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This paper uses a laboratory experiment to explore individuals' motivations for redistribution. The laboratory results … show that as income uncertainty diminishes, participants become more extreme in their preferences for redistribution. The … findings suggest that for most people, the motivation for redistribution is financial self-interest - namely as insurance …
Persistent link: https://www.econbiz.de/10011543750
Gender differences in voting patterns and political attitudes towards redistribution are well-documented. The … experiments on preferences for redistribution conducted in the U.S. and several European countries to disentangle these potential …
Persistent link: https://www.econbiz.de/10011523572