BINDING MINIMUM WAGE AS AN EQUILIBRIUM SELECTION DEVICE

This paper investigates the effects of a binding minimum wage in an economy which exhibits multiple unemployment equilibria. For this purpose, we develop a theoretical model based on the simple imperfectly competitive model of Manning [In Conference Papers, Economic Journal 100, 151–162 (1990)], in...

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Bibliographic details
Volume: 17
Main Author: Beugnot, Julie
Format: Journal Article
Language: English
Place of publication: New York, USA Cambridge University Press 01.10.2013
CAMBRIDGE UNIV PRESS
published in: Macroeconomic dynamics Vol. 17; no. 7; pp. 1411 - 1437
Data of publication: 20131000
ISSN: 1365-1005
1469-8056
EISSN: 1469-8056
Alternate Title: MINIMUM WAGE AND EQUILIBRIUM SELECTION
JULIE BEUGNOT
Discipline: Economics
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
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