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

Christian Ragacs

Publication: Working/Discussion PaperWU Working Paper

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. (author's abstract)
Original languageEnglish
Place of PublicationVienna
PublisherInst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
Publication statusPublished - 2003

Publication series

NameWorking Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
No.24

WU Working Paper Series

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

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