Minimum Wages and Employment

Static and Dynamic Non-Market-Clearing Equilibrium Models

  • Christian Ragacs

Table of contents

  1. Front Matter
    Pages i-xii
  2. Introduction

    1. Christian Ragacs
      Pages 1-12
  3. On Theory and Methodology

    1. Front Matter
      Pages 13-13
    2. Christian Ragacs
      Pages 15-38
  4. Minimum Wages and Comparative Statics

    1. Front Matter
      Pages 49-49
    2. Christian Ragacs
      Pages 51-67
  5. Minimum Wages and Economic Growth

    1. Front Matter
      Pages 85-85
    2. Christian Ragacs
      Pages 87-121
    3. Christian Ragacs
      Pages 122-135
    4. Christian Ragacs
      Pages 136-144
  6. Back Matter
    Pages 145-191

About this book


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.


economic growth employment equilibrium general equilibrium growth labor market labour market methodology Minimum Wages unemployment

Authors and affiliations

  • Christian Ragacs
    • 1
  1. 1.Vienna University of Economics and Business AdministrationAustria

Bibliographic information