Abstract
As illustrated in chapter two, the theoretical analysis of the effects of minimum wages in microeconomic literature is generally conducted in a partial equilibrium and comparative static context. We have pointed out that this procedure appears methodologically problematic, and that implementation in a general equilibrium system seems desirable. This undertaking raises theoretical problems, which will be covered in this chapter.
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© 2004 Christian Ragacs
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Ragacs, C. (2004). Minimum Wages and “General Equilibrium”: Methodological Problems. In: Minimum Wages and Employment. Palgrave Macmillan, London. https://doi.org/10.1057/9780230596276_3
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DOI: https://doi.org/10.1057/9780230596276_3
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)