Abstract
In recent years the discussion of the economic effects of minimum wages has experienced a revival, strongly based on empirical estimations that yield missing negative or even positive employment effects of minimum wages. This discussion is often focused on the controversy over perfect-competition versus monopsony power in the labor market, but we also find alternative theoretical foundations for the analysis of the employment effects of the minimum wage.
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© 2004 Christian Ragacs
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Ragacs, C. (2004). An Inquiry into the Theory of Minimum Wages. In: Minimum Wages and Employment. Palgrave Macmillan, London. https://doi.org/10.1057/9780230596276_2
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DOI: https://doi.org/10.1057/9780230596276_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51756-5
Online ISBN: 978-0-230-59627-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)