Minimum wages, inequality and unemployment
Abstract
Type
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Journal type
peer reviewed
Educational material type
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Journal name
Economics Letters
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Description
Using a median voter model we show that greater equality in the distribution of ability can increase both employment and the politically determined value of the minimum wage, thus generating the semblance of a positive association between minimum wages and employment.
Description
Keywords
Minimum wages, Inequality, Unemployment, Redistribution
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Language
en
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Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημών