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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Minimum Wages and Employment: Static and Dynamic Non-Market-Clearing Equilibrium Models

Minimum Wages and Employment: Static and Dynamic Non-Market-Clearing Equilibrium Models

Ragacs, C.

Hardcover

EconomicsLaborSocial Movements

ISBN10: 1403934983
ISBN13: 9781403934987
Publisher: Springer Nature
Published: Jun 8 2004
Pages: 191
Weight: 0.83
Height: 0.65 Width: 5.68 Depth: 8.80
Language: English
Christian Ragacs develops contributions to the theory of minimum wages, while taking rationing and spill-over effects on markets other than the labour market into account. Following an introduction into the theory of minimum wages and a discussion of methodological problems, four new theoretical models are developed; two of them comparative static in nature and two models of endogenous growth. The results are contradictory - partly supporting the 'textbook' theory and partly yielding unorthodox results, such as no change in the steady state rates of growth and employment.

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