@TechReport{iza:izadps:dp3875,
            	author={Bauer, Thomas K. and Kluve, Jochen and Schaffner, Sandra and Schmidt, Christoph M.},
            	title={Fiscal Effects of Minimum Wages: An Analysis for Germany},
            	year={2008},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={3875},
            	url={https://www.iza.org/index.php/publications/dp3875},
	abstract={Against the background of the current discussion on the introduction of statutory minimum wages in Germany, this paper analyzes the potential employment and fiscal effects of such a policy. Based on estimated labor demand elasticities obtained from a structural labor demand model, the empirical results imply that the introduction of minimum wages in Germany will be associated with significant employment losses that are concentrated among marginal and low- and semi-skilled full-time workers. Even though minimum wages will lead to increased public revenues from income taxes and social security benefits, they will result in a significant fiscal burden, due to increased expenditures for unemployment benefits and decreased revenues from corporate taxes.},
	keywords={fiscal effects;minimum wages;employment;public budget},
            }