The Role Of The Minimum Wage In The Welfare State: An Appraisal

Juan Dolado, Juan F Jimeno and Florentino Felgueroso

No 2452, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need to be answered: (i) Why is the minimum wage a useful redistributive tool?; (ii) How binding are minimum wage floors in different countries?; (iii) To what extent do minimum wages have the adverse consequences that standard analysis predict?; (iv) Are there strong theoretical grounds underlying the revisionist results?; (v) Who supports minimum wages?; (vi) Under which conditions is the minimum wage a better tool than other policy instruments to achieve income redistribution?; and, finally, (vii) What is the overall cross-country time-series evidence regarding the employment effect of the minima? The aim in this paper is to provide an appraisal on the available evidence for each of the above-mentioned issues.

Keywords: Employment; Inequality; Minimum wages (search for similar items in EconPapers)
JEL-codes: J31 (search for similar items in EconPapers)
Date: 2000-05
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Citations: View citations in EconPapers (35)

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Journal Article: The Role of the Minimum Wage in the Welfare State: An Appraisal (2000)
Working Paper: The Role of the Minimum Wage in the Welfare State: An Appraisal (2000)
Working Paper: The Role of the Minimum Wage in the Welfare State: An Appraisal
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