Arbeitspapier
Getting It Right: Employment Subsidy or Minimum Wage?
In monopsony models of the labour market either a minimum wage or an employment subsidy financed by a lump sum tax on profits can achieve the efficient level of employment and output. Incorporating working conditions into a monopsony model where higher wages raise firm labour supply, but less attractive working conditions reduce it, changes these policy implications. Specifically, a minimum wage policy could, in contrast to an employment subsidy, cause working conditions to deteriorate and welfare to fall. Empirical evidence from the Republic of Trinidad and Tobago shows that a minimum wage may indeed cause working conditions to worsen.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 662
- Klassifikation
-
Wirtschaft
- Thema
-
minimum wage
working conditions
monopsony models
Lohnsubvention
Mindestlohn
Arbeitsbedingungen
Trinidad und Tobago
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strobl, Eric
Walsh, Frank A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Strobl, Eric
- Walsh, Frank A.
- Institute for the Study of Labor (IZA)
Entstanden
- 2003
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