Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/250604 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 14943
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand shocks into wages for the workers whose earnings are far from the floors, but who are employed by establishments intensive in minimum-wage workers. We study the welfare implications of this fact using an incomplete-market model. The asymmetric passthrough uncovers a novel channel which tilts the benefits of removing minimum wages toward high-paid employees at the expense of low-wage workers.
Schlagwörter: 
firm-specific shocks
pass-through
minimum wages
linked employer-employee data
general equilibrium
complementarities
JEL: 
E24
E25
E64
J31
J38
J52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
623.61 kB





Publikationen in EconStor sind urheberrechtlich geschützt.