Research Output
1 - 3 of 3
Publication
The minimum wage and hours per worker
2010-10, Strobl, Eric, Walsh, Frank
In a competitive model we ease the assumption that efficiency units of labour are the
product of hours and workers. We show that a minimum wage may either increase or
decrease hours per worker and the change will have the opposite sign to the slope of
the equilibrium hours hourly wage locus. Similarly, total hours worked may rise or
fall. We illustrate the results throughout with a Cobb-Douglas example.
Publication
The ambiguous effect of minimum wages on workers and total hours
2007-08, Strobl, Eric, Walsh, Frank
We model a standard competitive labour market where firms choose combinations of
workers and hours per worker to produce output. If one assumes that the scale of
production has no impact on hours per worker, then the change in the number of
workers and hours per worker resulting from a minimum wage are inversely related.
We also demonstrate that total hours worked at the firm may rise if there are small
fixed costs to hiring workers.
Publication
The ambiguous effect of minimum wages on hours
2011-04, Strobl, Eric, Walsh, Frank
In a competitive model we ease the assumption that efficiency units of labour are the product of hours and workers. We show that a minimum wage may either increase or decrease hours per worker and the change will have the opposite sign to the slope of the equilibrium hours hourly wage locus. Similarly, total hours worked may rise or fall. We illustrate the results throughout with a Cobb-Douglas example.