Low-Wage Labor Markets and the Power of Suggestion
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Note: I thank my adviser Christian Zimmermann for advice and support; professors Alpert, Couch, Dharmapala and Furtado for their discussions and comments; participants of the 2008 IRS Sundance Conference on Monopsony, particularly David Card, 2008 SOLE meetings, 10th IZA Summer School in Labor Economics, and UConn brownbag seminars for their input. All remaining mistakes are my own.
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Other versions of this item:
- Natalya Shelkova, 2015. "Low-Wage Labor Markets and the Power of Suggestion," Review of Social Economy, Taylor & Francis Journals, vol. 73(1), pages 61-88, March.
- Natalya Y. Shelkova, 2008. "Low-wage labor markets amd the power of suggestion," Working Papers 1112, Princeton University, Department of Economics, Industrial Relations Section..
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Cited by:- Alan B. Krueger & Orley Ashenfelter, 2022.
"Theory and Evidence on Employer Collusion in the Franchise Sector,"
Journal of Human Resources, University of Wisconsin Press, vol. 57(S), pages 324-348.
- Alan B. Krueger & Orley Ashenfelter, 2017. "Theory and Evidence on Employer Collusion in the Franchise Sector," Working Papers 614, Princeton University, Department of Economics, Industrial Relations Section..
- Alan B. Krueger & Orley Ashenfelter, 2018. "Theory and Evidence on Employer Collusion in the Franchise Sector," NBER Working Papers 24831, National Bureau of Economic Research, Inc.
- Krueger, Alan B. & Ashenfelter, Orley, 2018. "Theory and Evidence on Employer Collusion in the Franchise Sector," IZA Discussion Papers 11672, Institute of Labor Economics (IZA).
- Natalya Y. Shelkova, 2009. "The Minimum Wage Spike in the Search Economy with Wage-Posting," Working papers 2009-40, University of Connecticut, Department of Economics.
- John W. Lopresti & Kevin J. Mumford, 2016.
"Who Benefits from a Minimum Wage Increase?,"
ILR Review, Cornell University, ILR School, vol. 69(5), pages 1171-1190, October.
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- Pedro Gonzaga & António Brandão & Hélder Vasconcelos, 2013. "Theory of Collusion in the Labor Market," FEP Working Papers 477, Universidade do Porto, Faculdade de Economia do Porto.
- Natalya Y. Shelkova, 2009. "Collusion at the Non-Binding Minimum Wage: An Automatic Stabilizer?," Working papers 2009-41, University of Connecticut, Department of Economics.
- Pedro Gonzaga & António Brandão & Helder Vasconcelos, 2014. "Theory of Semi-Collusion in the Labor Market," FEP Working Papers 522, Universidade do Porto, Faculdade de Economia do Porto.
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More about this item
Keywords
minimum wage; low-wage markets; collusion; tacit collusion; focal points;
All these keywords.JEL classification:
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
- J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2008-09-29 (Business Economics)
- NEP-LAB-2008-09-29 (Labour Economics)
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- The minimum wage lowers wages