Minimum Wage, Economic Growth and Preference for Consumption

Minoru Watanabe
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Minoru Watanabe: Faculty of Economics and Business Administration, Kyoto Gakuin University

No 1617, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: We build a simple overlapping generations model with minimum wage. Many eariler papers do not enough consider household fs preference in the context of minimum wage and ecoomic growth under a dynamic framework Therefore our study focus on the household fs preference for consumption. Results show whether an increase in minimum wage promotes economic growth or not depends on the preference for consumption.

Keywords: Minimum; wage:; Unemployment:; Economic; growth (search for similar items in EconPapers)
JEL-codes: E24 J31 O40 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2016-06
New Economics Papers: this item is included in nep-dge, nep-gro and nep-mac
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