Studying Labor Market Institutions in the Lab: Minimum Wages, Employment Protection and Workfare
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چکیده
Understanding the interplay between institutions and labor markets is a central concern in economics. We argue that laboratory experiments are a powerful tool for studying labor market institutions, possessing several key advantages relative to more traditional approaches using field data. We exemplify the usefulness of lab experiments by surveying evidence from three studies, each of which investigates a different, crucial labor market institution: minimum wage laws, employment protection legislation and workfare. We thank the German Science Foundation (DFG) for financial support through SPP1169 (Potential for more Flexibility on Heterogeneous Labor Markets). Corresponding author: Armin Falk.
منابع مشابه
Minimum Wages, Employment Protection and Workfare
Studying Labor Market Institutions in the Lab: Minimum Wages, Employment Protection and Workfare A central concern in economics is to understand the interplay between institutions and labor markets. In this paper we argue that laboratory experiments are a powerful tool for studying labor market institutions. One of the most important advantages is the ability to implement truly exogenous instit...
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تاریخ انتشار 2006