Minimum Wages and Employment: Static and Dynamic Non-Market Cleaning Equilibrium Models

Type

Book

Authors

Christian Ragacs

ISBN 10

1403934983

ISBN 13

9781403934987

Tags

Labor & Industrial Relations, Theory, Economic Theory, Political Science

Description

Christian Ragacs develops new contributions to the theory of minimum wages, while taking rationing and spill-over effects on markets other than the labour market into account. Following an introduction into the theory of minimum wages and a discussion of methodological problems, four new theoretical models are developed; two of them comparative static in nature and two models of endogenous growth. The results are contradictory--partly supporting the "textbook" theory and partly yielding unorthodox results, such as no change in the steady state rates of growth and employment. - from Amzon

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