In this study we investigate the minimum wage (MW) effects for a German sub-construction sector where the MW bites extraordinary hard by international standards. Within a quasiexperiment we estimate the Quantile Treatment Effects of the MW on the conditional and unconditional distribution of earnings. For Eastern Germany, the results indicate significant real (nominal) wage increases that rippl...

the minimum wage determination is one of the most significant economic issues exerting effects on macroeconomic variables. this study provides an empirical model using var method to analyze the long run relationships and short run dynamisms of factors affect general price level (with emphasis on minimum wage) during the period of 1978-2010. to examine long run relationships we used johansen-jus...

the main purpose of this paper is to investigate the impact of trade openness on the employment and the real wage for the iranian food and beverage industries over the year 2007. for this purpose in this study, the ratio of export to production value has been considered as a proxy for trade openness and the main model has been estimated using a dynamic panel data (dpd) approach. the main findin...

We study the extent to which firm financial performance is passed on workers in form of higher wages and degree this pass-through has changed over period 2002- 2018. use both value added per worker a measure quasi-rents as measures performance. Value standard used internationally. Quasi-rents better approximate resources available be shared between firms it takes into account rental cost capita...

This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions ensure that there is an equilibrium where all firms pay the same wage. The paper analyzes the response o...

This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions ensure that there is an equilibrium where all firms pay the same wage. The paper analyzes the response o...

We propose a model of price formation in Double Auction markets which employs the strong simplifying assumption that agents neglect strategic feedback effects and regard themselves as playing a Game against Nature. Agents otherwise are strict expected utihty maximizers employing Bayesian updating procedures. We prove the optimality of simple (‘aggressive reservation price’) strategies in our ge...

Why do some leaders use praise as a means to motivate workers, whereas other social punishment? This paper develops simple economic model examine how leadership styles depend on the prevailing labor market conditions for workers. We show that existence of binding wage floor workers (e.g., due trade union bargaining, minimum legislation, or limited-liability protection) can make it attractive fi...

This paper studies resource reservation mechanisms that can be incorporated into distributed multi{path Quality{of{Service (QoS) routing algorithms. Three resource reservation schemes, the forward reservation scheme, the backward reservation scheme and the hybrid reservation scheme, are investigated. Protocols that combine these resource reservation schemes with a ticket{based distributed QoS r...