Minimum wage spillover effects and social welfare in a model of stochastic job matching
نویسندگان
چکیده
In this paper, I carry out a welfare analysis of the minimum wage in framework Diamond–Mortensen–Pissarides model with stochastic job matching. explore role labor market trading externalities and present necessary sufficient condition for hike to be efficiency enhancing. context, characterize spillover effects demonstrate that there is direct link between wage. This theoretical finding suggests impact changes can inferred from empirical observation on distribution.
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ژورنال
عنوان ژورنال: Journal of Public Economic Theory
سال: 2023
ISSN: ['1097-3923', '1467-9779']
DOI: https://doi.org/10.1111/jpet.12636