The minimum wage and hours per worker

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Title: The minimum wage and hours per worker
Authors: Strobl, Eric
Walsh, Frank
Permanent link: http://hdl.handle.net/10197/2661
Date: Oct-2010
Abstract: 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.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Minimum wages;Hours;Employment
Subject LCSH: Minimum wage
Hours of labor
Labor supply
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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