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- W2024392920 abstract "Abstract We show in a monopsony model that accounting for changes in hours a minimum wage has ambiguous effects on employment and welfare. When all workers have the same preference ordering over leisure and consumption employment subsidies unambiguously improve welfare. Many countries have minimum wages and also tax minimum wage workers." @default.
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- W2024392920 title "Dealing with monopsony power: Employment subsidies vs. minimum wages" @default.
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- W2024392920 doi "https://doi.org/10.1016/j.econlet.2006.08.005" @default.
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