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

By: Ragacs, C.

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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.

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

Author Name: Ragacs, C.

Categories: Labor,

Publisher: Palgrave Macmillan: 2004-06-08

ISBN Number: 1403934983

ISBN Number 13: 9781403934987

Binding: Hardcover

Book Condition: VeryGood

Seller ID: M1403934983Z2