The ambiguous effect of minimum wages on hours

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Title: The ambiguous effect of minimum wages on hours
Authors: Strobl, Eric
Walsh, Frank
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Date: Apr-2011
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.
Type of material: Journal Article
Publisher: Elsevier
Copyright (published version): 2010 Elsevier
Keywords: Minimum wages;Hours;Employment;McDonald, Ronald Monopsonies;Working hours;Legislation;Competition
DOI: 10.1016/j.labeco.2010.09.004
Language: en
Status of Item: Peer reviewed
Appears in Collections:Economics Research Collection

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