The minimum wage in the dominant firm model

Abstract

"This paper examines the impact of minimum wage in a dominant firm model. It is shown that in a labor-intensive market, the introduction of a binding minimum wage creates an entry barrier in the short run and increases unemployment in the long run." (Author's abstract, IAB-Doku) ((en))

Cite article

Shilov, A. & Tourovsky, B. (2008): The minimum wage in the dominant firm model. (IAB-Discussion Paper 23/2008), Nürnberg, 10 p.