1993/01/01 by Christian Ragacs, Ragacs, Christian · 3 citations
Economics, Econometrics and Finance · Social Sciences · #Firm Innovation and Growth #Labor Movements and Unions #Labor market dynamics and wage inequality
paper · pdf · doi:10.57938/bd792e00-fff3-4bd6-844c-2906e378d1c7
openalex publication_date 1993/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01
Minimum wages in Austria are bargaining results between labour unions and entrepreneurs. This paper analyses the empirical effects of minimum wages ("Kollektivvertragslöhne") on employment. "Employment functions", based on a <br/>"neo-classical" partial analytic framework, are estimated. The empirical analysis that <br/>is done for aggregated Austrian industry and specific branches at first sight seems to support the standard theoretical thesis. In addition, problems caused by the used <br/>method, which may occur in similar studies too, are shown. They give rise to the possibility that models of this kind are misspecified.