Minimum Wages and Employment: Static and Dynamic Non-Market-Clearing Equilibrium Models

By Christian Ragacs

Christian Ragacs develops contributions to the theory of minimum wages, while taking rationing and spill-over effects on markets other than the labour market into account. Following an introduction into the theory of minimum wages and a discussion of methodological problems, four new theoretical models are developed; two of them comparative static in nature and two models of endogenous growth. The results are contradictory - partly supporting the 'textbook' theory and partly yielding unorthodox results, such as no change in the steady state rates of growth and employment.

• Format: Hardcover
• Language: English
• ISBN: 1403934983
• ISBN13: 9781403934987
• Release Date: June 2004
• Publisher: Palgrave MacMillan
• Length: 191 Pages
• Weight: 0.83 lbs.
• Dimensions: 0.7" x 5.7" x 8.8"