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Minimum Wages and Employment

Minimum Wages and Employment

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781403934987
Condition
New
Product Description

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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