Minimum Wages, Efficiency and Welfaredoi:10.2139/ssrn.4013843It has long been argued that a minimum wage could alleviate efficiency losses from monopsony power. In a general equilibrium framework that quantitatively repliBerger, David W.Herkenhoff, KyleMongey, SimonSocial Science Electronic Publishing...
"Do minimum wages deliver what they promise? Effects of minimum wage on employment, output, and income inequality from occupational choice theory" https://t.co/IltyZHpG1o "the effects are mainly negative… and quantitatively large for high minimum-to-average wage ratios" pic.twitter.com/pIZhHv...
When do firms pay efficiency wages? What is the relationships between moral hazard and efficiency wages? Suppose each family in the United States earned an equal money income. What would be the effect? Which of the following are potential problems with using the minimum wage as a poverty-fighti...
Minimum Wages and Labor Mobility in the European Union∗ Jonas Feld† This version: February 15, 2024 Work in progress, all comments welcome! Abstract The EU boasts the largest single labor market globally; EU citizens enjoy the freedom to take up work anywhere within the common market. ...
We examine the effects of minimum wages on both the long-run per worker GDP and welfare in the textbook Diamond style overlapping generations economy. In addition, we assume the existence of unemployment benefits financed at a balanced budget with consumption taxes. Under suitable conditions, it is...
Minimum wage is the lowest wage set by the government for the welfare of the employees. It is the possible minimum wage which they might get paid for the work by the employer. It is a price floor below which it is not allowed to pay. It might lead t...
Chapter 32 Minimum wages, employment, and the distribution of income This article summarizes the background, implementation, and impact of a study of social welfare in Dalian, China, designed to enhance the efficiency and fa... Charles C. Brown - 《Handbook of Labor Economics》 被引量: 15发...
Additional arguments are that in combination with welfare state, low wages lead to outsourcing of externalities on taxpayers, for example when the low- skilled workers are unable to save up sufficient resources for retirement (Stigler 1946; Kaufman 2010). Finally, as stressed by Piketty (2014), ...
International Welfare and Employment Linkages Arising from Minimum Wages We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor market ... H Egger,P Egger,JR Markusen - 《International Economic Review》 被引量...
However, our results also suggest that, once the legislation becomes the status quo (as in our baseline condition), the higher wages may prove beneficial through both increased productivity and increased compensation for workers, improving overall social welfare. Additionally, failure to maintain an ...