Minimum Wages and Employment : Static and Dynamic Non-Market-Clearing Equilibrium Models
1st ed. 2004
by
C. Ragacs
Book Details
Format
Paperback / Softback
ISBN-10
1349517569
ISBN-13
9781349517565
Edition
1st ed. 2004
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 8th, 2004
Print length
191 Pages
Product Classification:
Economic theory & philosophyMacroeconomicsLabour economics
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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.
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.
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