On the Long Run Effects of Minimum Wages in Austria: A Time Series Analysis
This paper evaluates stylized facts for the Austrian industry. We execute a time series analysis for minimum wage, productivity, output, employment, and wage-overpayment. Tests for co-integration and Granger-causality are carried out. The results stand in contrast to most empirical studies that analyze the empirical effects of minimum wages on employment. In particular, no negative impact of minimum wage on employment was found.
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Volume (Year): II (2004)
Issue (Month): 4 (November)
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