Minimum Wages in Austria: Estimation of Employment Functions

Ragacs, Christian (1993) Minimum Wages in Austria: Estimation of Employment Functions. Department of Economics Working Paper Series, 20. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

Minimum wages in Austria are bargaining results between labour unions and entrepreneurs. This paper analyses the empirical effects of minimum wages ("Kollektivvertragslöhne") on employment. "Employment functions", based on a "neo-classical" partial analytic framework, are estimated. The empirical analysis that is done for aggregated Austrian industry and specific branches at first sight seems to support the standard theoretical thesis. In addition, problems caused by the used method, which may occur in similar studies too, are shown. They give rise to the possibility that models of this kind are misspecified.

Item Type: Paper
Divisions: Departments > Volkswirtschaft
Depositing User: Mohammad Al Hessan
Date Deposited: 04 May 2018 10:48
Last Modified: 07 Jul 2019 03:23
FIDES Link: https://bach.wu.ac.at/d/research/results/4875/
URI: https://bach-s59.wu.ac.at/id/eprint/6295

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