Dynamic effects of minimum wage on growth and innovation in a Schumpeterian economy

DOI10.1016/J.ECONLET.2020.108943MaRDI QIDQ2300356zbMATH OpenOpenAlexWikidataFDO

Authors Angus C. Chu, Zonglai Kou, Xilin Wang

Publication date 27 February 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://mpra.ub.uni-muenchen.de/94822/1/MPRA_paper_94822.pdf

zbMATH Keywords

endogenous market structureinnovationminimum wageunemployment

Mathematics Subject Classification ID

Labor markets (91B39) Economic growth models (91B62)

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Cites work

• A Model of Growth Through Creative Destruction
• A Schumpeterian growth model with equilibrium unemployment
• Corporate taxes, growth and welfare in a Schumpeterian economy
• Inequality, unemployment, and endogenous growth in a political economy with a minimum wage
• Labor union and the wealth-income ratio
• On economic growth and minimum wages
• Scale effects in endogenous growth theory: an error of aggregation not specification
• Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data
• Technological change and population growth
• The Manhattan metaphor
• Unions, innovation and cross-country wage inequality

Cited in

(15)

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• National minimum wages, capital mobility, and global economic growth
• Minimum wage increases can lead to wage reductions by imperfectly competitive firms
• The effect of doubling the minimum wage and decreasing taxes on inflation in Mexico
• Can a minimum wage increase employment and reduce prices in a neoclassical perfect information economy?
• Dual labor markets and the impact of minimum wages on atypical employment
• Firm response to competitive shocks: evidence from China's minimum wage policy
• A Schumpeterian growth model with equilibrium unemployment
• Minimum wage and economic growth:a new theoretical model
• Industry dynamics and the minimum wage: a putty-clay approach
• ECONOMIC CONSEQUENCES OF THE POSTED WORKERS DIRECTIVE
• A minimum-wage model of unemployment and growth: the case of a backward-bending demand curve for labor
• On economic growth and minimum wages
• Minimum wage, firm dynamics, and wage inequality: Theory and evidence
• Unemployment and income‐distribution effects of economic growth: A minimum‐wage analysis with optimal saving

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