tag:blogger.com,1999:blog-4159906646513306121.post6801138453060796054..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: Minimum wages and youth unemploymentEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4159906646513306121.post-23479815297334650172010-10-21T10:38:50.367-07:002010-10-21T10:38:50.367-07:00"high unemployment yet no minimum wage, such ..."high unemployment yet no minimum wage, such as Germany"<br /><br />Not quite correct. Although there is no national minimum wage, many industries in Germany have legally binding minimum wage levels. Currently about 55-60% of workers work in industries with binding minimum wages, and I believe that binding minimum wages are set specifically in industries where they really matter (construction, nursing care, ...). So this still has an effect.<br /><br />However, since the minimum wage levels are set differently in different industries (and even professions), this can potentially give you an interesting source of variation in studying their impact.Jardahttp://pinus.bloguje.cznoreply@blogger.com