Semantic Scholar
Open Access
2019
335 sitasi
Who Pays for the Minimum Wage?
P. Harasztosi
A. Lindner
Abstrak
This paper provides a comprehensive assessment of the margins along which firms responded to a large and persistent minimum wage increase in Hungary. We show that employment elasticities are negative but small even four years after the reform; that around 75 percent of the minimum wage increase was paid by consumers and 25 percent by firm owners; that firms responded to the minimum wage by substituting labor with capital; and that disemployment effects were greater in industries where passing the wage costs to consumers is more difficult. We estimate a model with monopolistic competition to explain these findings. (JEL J23, J24, J31, J38, L13)
Topik & Kata Kunci
Penulis (2)
P
P. Harasztosi
A
A. Lindner
Akses Cepat
Informasi Jurnal
- Tahun Terbit
- 2019
- Bahasa
- en
- Total Sitasi
- 335×
- Sumber Database
- Semantic Scholar
- DOI
- 10.1257/AER.20171445
- Akses
- Open Access ✓