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Analysis of the Employment Effect of Minimum Wages in China′s Monopsony Labor Market

Luo Xiao-lan

Open publisher page 6 citations

Abstract

This paper studies the employment effect of minimum wages in the monopsony labor market. The result shows that in the non-discriminative monopsony labor market the minimum wage rule has a positive effect, while in the perfectly discriminative monopsony labor market the minimum wage has no influence. A case study also shows that the minimum wage can promote the rural-workers’ employment in Shanghai. Finally the article deduces an important policy of increasing the minimum wage standard.

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What this paper is about

This paper studies the employment effect of minimum wages in the monopsony labor market. The result shows that in the non-discriminative monopsony labor market the minimum wage rule has a positive effect, while in the perfectly discriminative monopsony labor market the minimum wage has no influence. A case study also shows that the minimum wage can promote the rural-workers’ employment in Shanghai. Finally the article deduces an important policy of increasing the minimum wage standard.

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OpenAlex reports 6 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper studies the employment effect of minimum wages in the monopsony labor market. The result shows that in the non-discriminative monopsony labor market the minimum wage rule has a positive effect, while in the perfectly discriminative monopsony labor market the minimum wage has no influence. A case study also shows that the minimum wage can promote the rural-workers’ employment in Shanghai. Finally the article deduces an important policy of increasing the minimum wage standard.

Key concepts: Monopsony, Minimum wage, Economics, Labour economics, Wage, China, Efficiency wage, Political science

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