A Comment on "Labor Markets, Unemployment, and Minimum Wages: A New View."

Chung-cheng Lin
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Chung-cheng Lin: Institute of Economics, Academia Sinica

Eastern Economic Journal, 2001, vol. 27, issue 1, 71-82

Abstract: Palley (1995) recently built a job-hour model to provide us with a new view regarding the reason for unemployment and the positive employment effect of a minimum wage hike. This paper points out some difficulties with his explanation of his paper's findings and tries to provide an alternative explanation.

Keywords: Employment; Unemployment; Wage (search for similar items in EconPapers)
JEL-codes: E24 (search for similar items in EconPapers)
Date: 2001
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