On the empirics of minimum wages and employment. Stylized facts for the Austrian industry

Christian Ragacs

Publikation: Working/Discussion PaperWU Working Paper

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Abstract

We investigate the empirical evidence of the "textbook theory" of minimum wages for the Austrian Industry. The bargaining result of unions and firms is interpreted as a minimum wage, as the bargaining situation in Austria may be described best by a "right to manage" model". Based on the analysis of micro-founded "employment functions" in contrast to the predictions of the "textbook analysis" no significant negative effect of minimum wages on employment is found.

Publikationsreihe

ReiheWorking Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
Nummer24

WU Working Paper Reihe

  • Working Papers Series \ Growth and Employment in Europe Sustainability and Competitiveness

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