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dc.contributor.authorEngelmann, Dirken_US
dc.contributor.authorKübler, Dorotheaen_US
dc.date.accessioned2008-06-27en_US
dc.date.accessioned2010-07-07T11:33:39Z-
dc.date.available2010-07-07T11:33:39Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/35105-
dc.description.abstractIn order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are employed, one with no minimum wage in the first part but with a minimum wage in the second part, and one treatment with a minimum wage at the outset that is abolished in the second part. In both treatments, wages decrease over time in the first part even though some consumers show an interest in fair wages. If a minimum wage is in place, wages decline even faster. Introducing a minimum wage in a mature market raises average wages, while abolishing it lowers them. We discuss the implications of our results, such as the crowding out of ethical behavior through legal regulation.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3266en_US
dc.subject.jelC91en_US
dc.subject.ddc330en_US
dc.subject.keywordFairnessen_US
dc.subject.keywordcrowding outen_US
dc.subject.keywordconsumer behavioren_US
dc.subject.keywordminimum wageen_US
dc.subject.keywordexperimental economicsen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwSozialethiken_US
dc.subject.stwMindestlohnen_US
dc.subject.stwSoziale Gerechtigkeiten_US
dc.subject.stwCrowding outen_US
dc.subject.stwTesten_US
dc.titleDo legal standards affect ethical concerns of consumers?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn560200986en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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