Wage and employment effects of non-binding minimum wages

Research, Preprint English OPEN
Marcus Dittrich; Andreas Knabe;
(2010)
  • Publisher: Munich: Center for Economic Studies and Ifo Institute (CESifo)
  • Subject: minimum wage, bargaining, Kalai-Smorodinsky solution | Lohnniveau | bargaining | C78 | J52 | Nash-Gleichgewicht | J38 | Kalai-Smorodinsky solution | Mindestlohn | Beschäftigungseffekt | Theorie | minimum wage | Lohnverhandlungstheorie
    • jel: jel:C78 | jel:J52 | jel:J38
      ddc: ddc:330

Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment. Empirical and experimental research, however, has shown that the introduction of a minimum wage can raise even those wages that were already above the ... View more
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