Following the approach recently developed for the International Wage Flexibility Project (IWFP), the paper presents new estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in Hungary than real rigidity. When compared to other...

Die Kritik am Verfahren zur Bemessung der Grundsicherungs- bzw. Sozialhilfeleistungen reißt auch nach der Reform von 2011 nicht ab. Vor diesem Hintergrund wird zunächst der Frage nachgegangen, ob der methodische Ansatz (Statistikmodell) und die vom Gesetzgeber gewählten Referenzgruppen unter...

In dieser Expertise wird der Stand der internationalen und deutschen Forschung zu den Wirkungen von Mindestlöhnen zusammengefasst. Die neuere Forschung zeigt übereinstimmend, dass sich keine negativen Beschäftigungswirkungen feststellen lassen. Diese Ergebnisse lassen sich auch auf...

Analysis in terms of the two-sector open economy shows that in bringing the market economy to East Germany, West Germany seems to have disregarded important fundamentals. Premature formation of a currency union led to a substantial real appreciation of the East German currency. Premature...

We use longitudinal individual wage, hours, and employment data to investigate the effect of the February 1, 1982 mandatory reduction of weekly working hours in France. Just after François Mitterrand?s election in May 1981, the government decided to increase the minimum wage by 5%. Then, as...

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...

This paper examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC) through a vectorial error correction model estimated on French quarterly macroeconomic data covering the 1970-1/1999-4 period. Two periods are distinguished: the period of inflation...

Building upon a continuous-time model of search with Nash bargaining in a stationary environment, we analyze the effect of changes in minimum wages on labor market outcomes and welfare. While minimum wage increases invariably lead to employment losses in our model, they may be welfare-improving...

Using the monthly samples of the Current Population Survey (CPS) outgoing rotation group files, this paper analyzes the most recent increase in the U.S. minimum wage rate. This study focuses on immigrant and native-born workers who are employed in industries with low and high immigrant...