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...
- Autores:
-
Vallejo, Hernán
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2021
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/49604
- Acceso en línea:
- http://hdl.handle.net/1992/49604
- Palabra clave:
- Employment differentiation
Residual supply
Firm exit
Minimum wage
D21, J21, J31
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/