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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Formato: | Desconocido (Unknown) |
Lenguaje: | Inglés (English) |
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Universidad de los Andes, Facultad de Economía, CEDE
2021
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Acceso en línea: | http://hdl.handle.net/1992/49604 |