Minimum wages, capital accumulation and worker's incomes:

Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability among wo...

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Bibliographische Detailangaben
Hauptverfasser: Oikonomidēs, Geōrgios ca. 20./21. Jh (VerfasserIn), Moutos, Thomas 1960- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Munich CESifo, Center for Economic Studies 2014
Schriftenreihe:CESifo working paper series 4821 : Category 4, Labour markets
Online-Zugang:Volltext
Zusammenfassung:Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability among workers.
Beschreibung:Literaturverz. S.12
Beschreibung:12 S.

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