منابع مشابه
Optimal Minimum Wage in Competitive Labor Markets∗
This paper presents a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. Introducing a minimum wage is desirable if the government values redistribution toward low wage workers. This result remains true in the presence of optimal nonlinear taxes and transfers. In that context, a minimum wage effectively rations low skilled labor which is subsidized by t...
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In this paper, we estimate the profile of productivity by age through the estimation of production functions. ‘Productivity’ is defined as the average contribution of age groups to the productivity of firms. Our data are a matched employer-employee dataset covering about 70,000 firms in the late 1990’s in France. We find that productivity increases with age until age 40 and then remains stable ...
متن کاملOptimal minimum wage policy in competitive labor markets
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage – while leading to unemployment – is nevertheless desirable if the government values redistribution toward low wage workers and minimum wage induced unemployment hits the lowest surplus workers first. This result remains true in the presence of o...
متن کاملHousehold Labor Supply, Unemployment and Minimum Wage Legislation
The supply behavior of labor frequently depends on the demand conditions that prevail on the labor market. If demand is inadequate, households may send additional household members, who otherwise would not have worked, to look for work, for fear that the main income earner may lose his job. This paper is a study of the theoretical consequences of this ’’added worker’’ affect. It is shown that t...
متن کاملThe Elasticity of Labor Demand and the Optimal Minimum Wage
The Elasticity of Labor Demand and the Optimal Minimum Wage Contrary to widespread belief, we show that low-pay workers might not generally prefer that the minimum wage rate be increased to a level where the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand such that increases in the minimum wage rate make low-pay workers better off for higher ...
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ژورنال
عنوان ژورنال: Modern Economy
سال: 2011
ISSN: 2152-7245,2152-7261
DOI: 10.4236/me.2011.25086