"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 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))

In diesem Aufsatz gehen wir der Frage nach, wie sich die Einführung eines Mindestlohns in einem 'Dominante-Firma-Modell' auswirken wird. Wir haben gezeigt, dass in einer arbeitsintensiven Industrie, die von einem Großunternehmen dominiert wird, die Einführung eines Mindestlohns kurzfristig zu...

We consider the concept of a wage curve describing a negative relationship between unemployment and wages. We suggest an explanation of the wage curve using a number of theoretical labor market models, and present an empirical result of its determination for Russia obtained from analysis of...

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.