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The ambiguous effect of minimum wages on workers and total hours
Author(s)
Date Issued
2007-08
Date Available
2009-03-12T17:06:06Z
Abstract
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.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP07/14
Copyright (Published Version)
UCD School of Economics 2007
Keywords
Classification
J22
J38
Subject – LCSH
Hours of labor
Minimum wage
Labor supply
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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