Effects of collective minimum wages on youth employment in Austria
Michael Christl,
Monika Köppl-Turyna and
Dénes Kucsera
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Dénes Kucsera: Agenda Austria
Empirica, 2017, vol. 44, issue 4, No 7, 805 pages
Abstract:
Abstract This paper analyzes the impact of collective minimum wages on youth employment for 14 sectors of the Austrian economy, taking into account the possibility of nonlinearity. We find that when the real index of minimum wage rises above a certain point, negative employment effects for young individuals (aged between 19 and 25 years) can be expected in Austria. In five of seven market sectors the minimum wage lies above the optimal level that maximizes the employment of young workers.
Keywords: Minimum wage; Employment; Young workers; Austria; Collective bargaining (search for similar items in EconPapers)
JEL-codes: J20 J38 J48 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:kap:empiri:v:44:y:2017:i:4:d:10.1007_s10663-016-9341-7
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DOI: 10.1007/s10663-016-9341-7
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