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Minimum Wages and Employment
Static And Dynamic Non-market-clearing Equilibrium Models
- Editore:
Palgrave Macmillan UK
- EAN:
9781349517565
- ISBN:
1349517569
- Pagine:
- 204
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione Minimum Wages and Employment
Christian Ragacs develops 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.
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