Minimum Wages and Employment
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.
| Autor: | Ragacs, C. |
|---|---|
| ISBN: | 9781403934987 |
| Sprache: | Englisch |
| Seitenzahl: | 191 |
| Produktart: | Gebunden |
| Verlag: | Palgrave Macmillan UK |
| Veröffentlicht: | 08.06.2004 |
| Untertitel: | Static and Dynamic Non-Market-Clearing Equilibrium Models |
| Schlagworte: | Minimum Wages economic growth employment equilibrium general equilibrium growth labor market labour market methodology unemployment |
CHRISTIAN RAGACS is Assistant Professor at the Vienna University of Economic and Business Administration. He teaches courses on economic policy, micro- and macroeconomics and economic growth. He received the Theodor-Körner prize for his contribution to growth policy in 1997. His fields of research are economic growth and labour economics.