Can a minimum wage increase employment and reduce prices in a neoclassical perfect information economy?

DOI10.1016/J.JMATECO.2007.02.003MaRDI QIDQ2641998zbMATH OpenOpenAlexWikidataFDO

Authors George Deltas

Publication date 20 August 2007

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2007.02.003

zbMATH Keywords

endogenous effortpiece rateswage distribution

Mathematics Subject Classification ID

Economics of information (91B44)

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Cites work

• Counter intuitive results in a simple model of wage negotiations
• Endogenous wage bargaining institutions in oligopolistic sectors
• Minimum Wage Effects on Labor Market Outcomes under Search, Matching, and Endogenous Contact Rates
• The fair wage-effort hypothesis and unemployment

Cited in

(4)

• 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
• Minimum wage, firm dynamics, and wage inequality: Theory and evidence
• Minimum wage, trade and unemployment in general equilibrium

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