【Empirical Seminar】Wage-Setting Constraints and Firm Responses to Demand Shocks
2026/03/26
研討會日期 : 2026-03-26
時間 : 10:30
主講人 : Dr. Santiago Hermo
地點 : Conference Room B110
主持人 : Professor Tzu-Ting Yang
演講者簡介 : Dr. Santiago Hermo received his Ph.D. in Economics from Brown University in 2024. He is currently a Lecturer at Monash University. His research interests are Labor Economics and Urban Economics
演講摘要 : This paper investigates how institutional wage-setting constraints, such as a national minimum wage or collectively bargained wages, affect firm responses to demand shocks. We develop a framework to interpret heterogeneous shock responses that depend on the constraints firms face, and provide empirical evidence on the relevance of these constraints in shaping firm behavior across three countries with different institutional settings: Portugal, Norway, and Colombia. We discuss the implications of our findings for conventional estimates of rent-sharing and employer wage-setting power.
