Minimum Wages and Employment: Static and Dynamic Non-Market-Clearing Equilibrium Models
Ragacs, C.
ISBN 10: 1403934983 ISBN 13: 9781403934987
Published by Palgrave Macmillan, 2004
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Synopsis:
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.
About the Author: 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.
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Bibliographic Details
Title: Minimum Wages and Employment: Static and ...
Publisher: Palgrave Macmillan
Publication Date: 2004
Binding: Hardcover
Condition: Good