The Political Economy of the "National Minimum Wage Institution"

Emmanuel Petrakis and Minas Vlassis ()

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

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: J31 J50 L13 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1999
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Working Paper: The Political Economy of the "National Minimum Wage Institution" (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:athebu:113

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