Employment Differentiation, Minimum Wages and Firm Exit

The economic literature acknowledges that labor markets can often be described by monopsonistic competition. In such a structure, employers have market power and in the long run, zero profits due to the free entry and exit of firms. This article builds a model to analyze the role of minimum wages wh...

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Detalles Bibliográficos
Autor Principal: Vallejo, Hernán
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2021
Materias:
Acceso en línea:http://hdl.handle.net/1992/49604