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Minimum Wages and Employment : Static and Dynamic Non-Market-Clearing Equilibrium Models
by C. Ragacs
Other Available Formats
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: 9781403934987
- ISBN-10: 1403934983
- Publisher: Palgrave MacMillan
- Publish Date: June 2004
- Dimensions: 8.8 x 5.68 x 0.65 inches
- Shipping Weight: 0.83 pounds
- Page Count: 191
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