Dysfonctionnement de la théorie néoclassique: Le salaire minimum un des exemples

Dysfunction of the neoclassical theory: The minimum wage is one of the examples

Abdellatif Gharyeni

MPRA Paper from University Library of Munich, Germany

Abstract: The role of the minimum wage as « standard indicator » of public employment policies made a lot of controversy in the literature. The last few years, the issue renewed interest in the distributions offset angle, widening inequality gap and the emergence of insecurity in the workplace. Interpretations diverge and converge between the neoclassical orthodoxy and other schools of thought. We spend in literature review the effects of minimum wages on employment. Our review indicates that there is a lack of consensus on the overall effects of a minimum wage fixing. The competitive model usually provides negative effects. However, we noticed very little evidence is convincing. The dominant theory showed many flaws in its strength and relevance. Moreover, recent approaches fail to support the conclusion that the minimum wage negatively affects the level and quality of employment. The majority of the models discussed in this document provide strong evidence on the positive effects of the minimum wage. The competitive model seems well offset the reality of the employment system and wage relationship.

Keywords: History of economic; minimum wage; labor management relations; working conditions; human resources; public employment policy (search for similar items in EconPapers)
JEL-codes: B31 J2 J24 J31 J68 J81 (search for similar items in EconPapers)
Date: 2015-12-15, Revised 2016-09-02
New Economics Papers: this item is included in nep-hpe
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