Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35105 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorEngelmann, Dirken
dc.contributor.authorKübler, Dorotheaen
dc.date.accessioned2008-06-27-
dc.date.accessioned2010-07-07T11:33:39Z-
dc.date.available2010-07-07T11:33:39Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3266en
dc.subject.jelC91en
dc.subject.ddc330en
dc.subject.keywordFairnessen
dc.subject.keywordcrowding outen
dc.subject.keywordconsumer behavioren
dc.subject.keywordminimum wageen
dc.subject.keywordexperimental economicsen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwSozialethiken
dc.subject.stwMindestlohnen
dc.subject.stwSoziale Gerechtigkeiten
dc.subject.stwCrowding outen
dc.subject.stwTesten
dc.titleDo legal standards affect ethical concerns of consumers?-
dc.type|aWorking Paperen
dc.identifier.ppn560200986en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
196.47 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.