The ambiguous effect of minimum wages on hours
|Title:||The ambiguous effect of minimum wages on hours||Authors:||Strobl, Eric; Walsh, Frank||Permanent link:||http://hdl.handle.net/10197/8051||Date:||Apr-2011||Online since:||2016-10-13T12:31:00Z||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||Journal:||Labour Economics||Volume:||18||Issue:||2||Start page:||218||End page:||228||Copyright (published version):||2010 Elsevier||Keywords:||Minimum wages; Hours; Employment; McDonald, Ronald Monopsonies; Working hours; Legislation; Competition||JEL Codes:||J22; J38||DOI:||10.1016/j.labeco.2010.09.004||Language:||en||Status of Item:||Peer reviewed||This item is made available under a Creative Commons License:||https://creativecommons.org/licenses/by-nc-nd/3.0/ie/|
|Appears in Collections:||Economics Research Collection|
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