Resource title

On the empirics of minimum wages and employment. Stylized facts for the Austrian industry.

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Resource description

We investigate the empirical evidence of the "textbook theory" of minimum wages for the Austrian Industry. The bargaining result of unions and firms is interpreted as a minimum wage, as the bargaining situation in Austria may be described best by a "right to manage" model". Based on the analysis of micro-founded "employment functions" in contrast to the predictions of the "textbook analysis" no significant negative effect of minimum wages on employment is found. (author's abstract) ; Series: Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"

Resource author

Christian Ragacs

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Resource language

en

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application/pdf

Resource resource URL

http://epub.wu.ac.at/596/1/document.pdf

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