An Inquiry into the Theory of Minimum Wages

Christian Ragacs

Chapter 2 in Minimum Wages and Employment, 2004, pp 15-38 from Palgrave Macmillan

Abstract: Abstract In recent years the discussion of the economic effects of minimum wages has experienced a revival, strongly based on empirical estimations that yield missing negative or even positive employment effects of minimum wages. This discussion is often focused on the controversy over perfect-competition versus monopsony power in the labor market, but we also find alternative theoretical foundations for the analysis of the employment effects of the minimum wage.

Keywords: Labor Market; Minimum Wage; Endogenous Growth; Employment Effect; Reservation Wage (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59627-6_2

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DOI: 10.1057/9780230596276_2

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