A service provided by the WU Library and the WU IT-Services

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

Ragacs, Christian (2003) On the empirics of minimum wages and employment. Stylized facts for the Austrian industry. Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness", 24. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

[img]
Preview
PDF
Download (324Kb) | Preview

Abstract

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)

Item Type: Paper
Keywords: minimum wages / employment / Austrian Industry
Classification Codes: JEL J23, J31
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 10 Jun 2003 13:21
Last Modified: 06 Sep 2015 04:17
URI: http://epub.wu.ac.at/id/eprint/596

Actions

View Item