It is shown that the minimum wage was heavily binding, but employment in a BLS sample of Virginia and North Carolina firms actually increased following its passage. This employment increase can not be explained by traditional models but is consistent with the monopsony model. Finally, it is ...
Low Pay and the Minimum Wage in Ireland Donal O’Neill Pages 3-26 Mobility at the Bottom of the Italian Earnings Distribution Lorenzo Cappellari Pages 27-56 Low-pay Mobility in the Swiss Labour Market Augustin de Coulon, Boris A. Zürcher Pages 57-86 Low Pay, Higher Pay, Ear...
Monopsony labor market is the background of the minimum wage system in China.The analysis shows that the minimum wage can reduce the poverty rate,while this kind of poverty reduction can not persist be-cause the minimum wage is too low.In addition,relationship between the minimum wage and the...
wages tend to be higher in areas where more than one company dominates. This is known as amonopsony, and in a given market can also have an impact on wages. In a monopsony, the buyer, or the job candidate in an employment situation, is able to name his price because many sellers are...
Adopting a mechanism design approach to optimal monopsony pricing, we show that market power can cause involuntary unemployment and that introducing an app... S Loertscher,EV Muir 被引量: 0发表: 2022年 A Dynamic Panel Analysis on Minimum Wage and Gender Difference of Employment In China, the...
The minimum wage in the United States has, at times, increased in nominal value (not adjusting for inflation) at different points in time in the...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our exper...
Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search models, and to teach students how economists test hypotheses with data.doi:10.1080/00220480109596106AlanB.Krueger...
Increase in minimum wages admired If the government increases further the minimum wage rate (for example to a level of [??]), the new level of employment [L.sup.M] will fall below the level which is to be expected in the case of competition [L.sup.*] = [bar.L]. Monopsony in the...
Optimal taxation and monopsonistic labor mar- ket: Does monopsony justify the minimum wage? Journal of Public Economic Theory 16(2), 259-273. 2, 4... P Cahuc,G Laroque - 《Journal of Public Economic Theory》 被引量: 60发表: 2014年 Optimal Minimum Wage Policy in Competitive Labor Marke...
Evidence from a Low Wage Labour Market Because of labour market frictions, the supply of labour to a firm does not fall instantaneously to zero if an employer cuts wages. This gives employers some monopsony power. In the absence of trade unions, minimum wages and efficiency w... S Machin,...