Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168030
Authors: 
Heise, Arne
Year of Publication: 
2017
Series/Report no.: 
Discussion Papers, Zentrum für Ökonomische und Soziologische Studien 64
Abstract: 
There has long been a discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market economics, it has been suggested that the impact is clearly negative on the assumption of a competitive labour market and clearly positive on the assumption of a monopsonistic labour market. Unfortunately, both predictions conflict with the empirical findings, which do not show a clear-cut impact of significant size in any direction.
Subjects: 
Post-Keynesianism
minimum wage
aggregate demand
aggregate supply
JEL: 
B50
E12
E23
J31
Document Type: 
Working Paper

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