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The Political Economy of the "National Minimum Wage Institution"

Emmanuel Petrakis () and Minas Vlassis ()

DEOS Working Papers from Athens University of Economics and Business

Abstract: Whilst their products are substituable for the consumer, there exist technological asymmetries across the unionized sectors of an economy. There are high-tech as well as low-tech sectors. We show, that, due to those asymmetries in productivity, inter-sectoral minimum wage agreements may endogenously emerge, always being the medianvoter's most preferred outcome.

Keywords: MINIMUM WAGE; WORKERS' REPRESENTATION; ECONOMIC POLICY (search for similar items in EconPapers)
JEL-codes: J50 J31 L13 (search for similar items in EconPapers)
Date: 1999
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Working Paper: The Political Economy of the "National Minimum Wage Institution" (1999)
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