C. Ragacs

Minimum Wages and Employment (eBook, PDF)

Static and Dynamic Non-Market-Clearing Equilibrium Models

• Format: PDF

Produktbeschreibung

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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Produktdetails

• Verlag: Palgrave Macmillan UK
• Seitenzahl: 191
• Erscheinungstermin: 8. Juni 2004
• Englisch
• ISBN-13: 9780230596276
• Artikelnr.: 53434434

Autorenporträt

CHRISTIAN RAGACS is Assistant Professor at the Vienna University of Economic and Business Administration. He teaches courses on economic policy, micro- and macroeconomics and economic growth. He received the Theodor-Körner prize for his contribution to growth policy in 1997. His fields of research are economic growth and labour economics.

Inhaltsangabe

Introduction PART I: ON THEORY AND METHODOLOGY An Inquiry into the Theory of Minimum Wages Minimum Wages and "General Equilibrium": Methodological Problems PART II: MINIMUM WAGES AND COMPARATIVE STATICS Supporting the Partial Equilibrium Results Minimum Wages, Unemployment and the Creation of Human Capital PART III: MINIMUM WAGES AND ECONOMIC GROWTH Minimum Wages, Human Capital and Growth Minimum Wages, Unemployment and Growth Conclusions