Abstract
We investigate the empirical evidence of the ‘textbook theory’ of minimum wages for Austrian industry. In Austria, minimum wages are the result of wage bargaining which may be best described using a ‘right to manage’ model. In contrast to the predictions of the ‘textbook analysis’, no significant negative effects of minimum wages on employment have been found. This could be the result of the nature of the typical Austrian wage-bargaining situation.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have