Article ID Journal Published Year Pages File Type
10479846 Labour Economics 2012 10 Pages PDF
Abstract
► Theory and data indicate that the setting of the minimum wage matters. ► A wage floor set by the Government is lower than one set within collective bargaining. ► This holds under a broad set of circumstances: institutional variables also matter. ► Data on 68 countries point to sizeable premium of bargained over legislated minimum wages. ► This premium can be interpreted as a causal effect of the fixing regime on levels.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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