Employment and the minimum wage: A pluralist approach
Additional contact information
Bernhard Schuetz: Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria
Authors registered in the RePEc Author Service: Bernhard Schütz
No 81, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy
When discussing the employment effects of minimum wages, mainstream economic discussion as well as mainstream economics textbooks mainly center around two variations of the neoclassical model: the model of the competitive and the monopsonistic labor market. The current paper offers a different perspective: it provides an assessment of the broader variety of existing theories and develops a new theoretical account which integrates these different views. For the comparison as well as for the later integration of these theories, it draws on an evolutionary economic concept: a micro-meso-macro framework. Here it shows that due to its simple structure and conceptual flexibility, the micro-meso-macro framework is very well suited to the task of integrating these different theoretical visions as well as assessing their evolutionary features. It follows from the analysis that from a theoretical viewpoint, the effect of the minimum wage on employment is indeed ambiguous, which is perfectly in line with the existing empirical evidence.
Pages: 26 pages
New Economics Papers: this item is included in nep-hme and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.jku.at/fileadmin/gruppen/108/ICAE_Working_Papers/wp81.pdf Second version, 2019 (application/pdf)
Working Paper: Employment and the minimum wage: A pluralist approach (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ico:wpaper:81
Access Statistics for this paper
More papers in ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy Contact information at EDIRC.
Bibliographic data for series maintained by Teresa Griesebner ().