This paper is the first causal study using quasi-experimental methods to identify the effect of minimum wages on the reservation wages of non-workers. We exploit variation in regional exposure to the introduction of a high-impact minimum wage in Germany in 2015, combined with survey responses about wage acceptance thresholds of job seekers. Results show a 16% increase in reservation wages among non-employed ...
DIW-Präsident Marcel Fratzscher kommentiert die aktuellen Beschlüsse des Bund-Länder-Treffens zum weiteren Corona-Kurs wie folgt:
