Minimum wages, collective bargaining and wage dispersion: the spanish case

Florentino Felgueroso and Juan F Jimeno
Authors registered in the RePEc Author Service: Juan J. Dolado

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: Recent empirical work on the employment effects of minimum wages in Spain has shown negative, albeit not large, effects on youth and low skilled-workers'employment prospects. In this paper we tackle this issue in greater depth. Specifically, we analyse how collective wage bargaining, by fixing minimum wages above statutory ones, affects the overall wage structure and employment. We develop a simple model with monopsonistic features, resulting in externalities in wage-setting by firms, which may give rise to wider wage dispersion than that implied by the introduction of minimum wages.

Keywords: Minimum; wages; Collective; bargaining; Wage; dispersion; Strategic; interaction (search for similar items in EconPapers)
Date: 1997-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:10496

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