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Minimum wages and appropriation of quasi-rents

Ryan Murphy ()

Economics Bulletin, 2016, vol. 36, issue 4, 2298-2300

Abstract: This note argues that the appropriation of the quasi-rents from firms to labor is a more persuasive interpretation of the effects of minimum wages than is generally recognized.

Keywords: Minimum Wages; Quasi-Rents; Unemployment; Labor Markets (search for similar items in EconPapers)
JEL-codes: D2 J3 (search for similar items in EconPapers)
Date: 2016-11-29
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