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About Minimum Wages and Employment: Static and Dynamic Non-Market Cleaning Equilibrium Models
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.
Detailed Information
| Author: | Christian Ragacs |
|---|---|
| Publication Year: | 2004 |
| ISBN: | 9781403934987 |
| Pages: | 204 |
| Language: | English |
| File Size: | 8.499 |
| Format: | |
| Price: | FREE |
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