The ambiguous effect of minimum wages on hours

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Title: The ambiguous effect of minimum wages on hours
Authors: Strobl, EricWalsh, Frank
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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 wagesHoursEmploymentMcDonald, Ronald MonopsoniesWorking hoursLegislationCompetition
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:
Appears in Collections:Economics Research Collection

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