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.
Minimum Wages and Employment: Static and Dynamic Non-Market-Clearing Equilibrium Models 1st ed. 2004 Edition
$ 201.88
Publisher : Palgrave Macmillan; 1st ed. 2004 edition (June 8, 2004)
Language : English
Paperback : 203 pages
ISBN-10 : 1349517569
ISBN-13 : 978-1349517565
Item Weight : 8.6 ounces
Dimensions : 5.51 x 0.46 x 8.5 inches
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9781349517565
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