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Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 4320
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
The minimum wage rate has been introduced in many countries as a means of alleviating the poverty of the working poor. This paper shows, however, that an imperfectly enforced minimum wage rate causes small firms to face an upward-sloping labor supply schedule. Since this turns these firms into endogenous monopsonists, the minimum wage rate has the perverse effect of reducing employment in small firms as well as what these firms offer their workers. Thus, if there are only small firms, the minimum wage rate makes all workers that would be employed in the absence of a minimum wage rate worse off.
Schlagwörter: 
Endogenous monopsony
minimum wage
noncompliance
small firms
JEL: 
J38
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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