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Searching for the Virtues of the European Model

The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor enter the production function. It is argued that distributional goals are best achieved by letting the labor market clear and achieving redistribution through taxes and transfers

Bibliographic Details
Main Author: Saint-Paul, Gilles
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Minimum Wage
Income
Labour; Income Economics
Income Distribution
Mobility, Unemployment, And Vacancies: Public Policy
Policy Designs And Consistency
Unemployment: Models, Duration, Incidence, And Job Search
Unemployment
Labor Markets
Aggregate Factor Income Distribution
Demand And Supply Of Labor: General
National Accounts
Minimum Wages
Labor
Policy Objectives
Policy Coordination
Wages, Compensation, And Labor Costs: Public Policy
Labor Market
Macroeconomics
Income Inequality
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor enter the production function. It is argued that distributional goals are best achieved by letting the labor market clear and achieving redistribution through taxes and transfers
Physical Description:24 pages
ISBN:9781451973853

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