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Minimum Wages and Employment|C. Ragacs

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

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Overview

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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Details

  • ISBN-13: 9781349517565
  • ISBN-10: 1349517569
  • Publisher: Palgrave MacMillan
  • Publish Date: June 2004
  • Dimensions: 8.5 x 5.5 x 0.43 inches
  • Shipping Weight: 0.53 pounds
  • Page Count: 191

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