Econ Seminar - Trade and Minimum Wages in General Equilibrium: Theory and Evidence
3:00pm - 4:30pm
LSK6045
This paper develops a new model with heterogeneous firms under perfect competition in a Heckscher-Ohlin setting to show that a binding minimum wage, surprisingly, raises (lowers) firm and industry productivity in the labor (capital) intensive sector by making selection stricter (weaker). It reduces exports in the labor intensive sector, despite increasing price, and encourages substitution away from labor. Exploiting rich regional variation in minimum wages across Chinese cities and using Chinese Customs data matched with firm level production data, we find robust evidence in support of causal effects of minimum wage consistent with our theoretical predictions.
場地開放時間
2:45PM
活動形式
講者/ 表演者:
Prof. Arpita Chartterjee
University of New South Wales
語言
英文
適合對象
校友
教職員
研究生
主辦單位
經濟學系
聯絡方法
Julie tel: 2358 7621 / email: fnjuwong@ust.hk