Minimum Wages, Unemployment and Growth

Christian Ragacs

Chapter 7 in Minimum Wages and Employment, 2004, pp 122-135 from Palgrave Macmillan

Abstract: Abstract In chapter six, the economy exhibits two external effects: one in the production of skills, the other in the production of goods. Both lead to an inefficient outcome of the market solution. This gives rise to the possibility that economic measures like the implementation of minimum wages may increase economic growth. However, this effect did not occur in our specific model setting, hence the minimum wage did not change steady state employment and growth.

Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59627-6_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230596276

DOI: 10.1057/9780230596276_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().