IDEAS home Printed from https://ideas.repec.org/a/ris/actuec/v67y1991i2p166-191.html
   My bibliography  Save this article

Salaire minimum, emploi et productivité dans une perspective post-keynésienne

Author

Listed:
  • Seccareccia, Mario

    (Département de science économique, Université d’Ottawa)

Abstract

The purpose of this article is to provide a post-keynesian analytical framework for evaluating the impact of minimum wages on employment. After describing briefly the post-keynesian macroeconomic theory of the labour market, emphasis is then placed on the critical second-round productivity effects that changes in minimum wages can have on employment. A short empirical assessment of the wage-employment-productivity link, using Canadian observations for the period 1961-88, is undertaken in the concluding section of the article. L’objectif de cet article est de présenter un cadre analytique d’inspiration post-keynésienne pour évaluer l’impact du salaire minimum sur l’emploi. Après un bref aperçu de la théorie macroéconomique post-keynésienne du marché du travail, nous examinons les effets indirects que les changements du salaire minimum peuvent avoir sur l’emploi par l’entremise de leur impact sur la productivité. Dans la conclusion, nous nous penchons brièvement sur le lien empirique salaire-emploi-productivité en utilisant des données canadiennes touchant la période 1961-88.

Suggested Citation

  • Seccareccia, Mario, 1991. "Salaire minimum, emploi et productivité dans une perspective post-keynésienne," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(2), pages 166-191, juin.
    • Handle: RePEc:ris:actuec:v:67:y:1991:i:2:p:166-191
    as

    Download full text from publisher

    File URL: http://id.erudit.org/iderudit/602032ar
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kathleen Derry & Paul H. Douglas, 1922. "The Minimum Wage in Canada," Journal of Political Economy, University of Chicago Press, vol. 30(2), pages 155-155.
    2. Sidney Webb, 1912. "The Economic Theory of a Legal Minimum Wage," Journal of Political Economy, University of Chicago Press, vol. 20(10), pages 973-973.
    3. M. W. Keil & J. S. V. Symons, 1990. "An Analysis of Canadian Unemployment," Canadian Public Policy, University of Toronto Press, vol. 16(1), pages 1-16, March.
    4. Leibenstein, Harvey, 1978. "On the Basic Proposition of X-Efficiency Theory," American Economic Review, American Economic Association, vol. 68(2), pages 328-332, May.
    5. Peter Brosnan & Frank Wilkinson, 1988. "A National Statutory Minimum Wage And Economic Efficiency," Contributions to Political Economy, Cambridge Political Economy Society, vol. 7(1), pages 1-48.
    6. Mincer, Jacob, 1976. "Unemployment Effects of Minimum Wages," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 87-104, August.
    7. Brown, Charles & Gilroy, Curtis & Kohen, Andrew, 1982. "The Effect of the Minimum Wage on Employment and Unemployment," Journal of Economic Literature, American Economic Association, vol. 20(2), pages 487-528, June.
    8. Linneman, Peter, 1982. "The Economic Impacts of Minimum Wage Laws: A New Look at an Old Question," Journal of Political Economy, University of Chicago Press, vol. 90(3), pages 443-469, June.
    9. George A. Akerlof, 1982. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(4), pages 543-569.
    10. Nickell, Stephen J & Symons, James, 1990. "The Real Wage-Employment Relationship in the United States," Journal of Labor Economics, University of Chicago Press, vol. 8(1), pages 1-15, January.
    11. Brown, Charles, 1988. "Minimum Wage Laws: Are They Overrated?," Journal of Economic Perspectives, American Economic Association, vol. 2(3), pages 133-145, Summer.
    12. repec:bla:econom:v:53:y:1986:i:210(s):p:s171-95 is not listed on IDEAS
    13. Lewis, W Arthur, 1979. "The Dual Economy Revisited," The Manchester School of Economic & Social Studies, University of Manchester, vol. 47(3), pages 211-229, September.
    14. Robert Dixon, 1980. "Relative Wages and Employment Theory," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 2(2), pages 181-192, January.
    15. A. Asimakopulos, 1975. "A Kaleckian Theory of Income Distribution," Canadian Journal of Economics, Canadian Economics Association, vol. 8(3), pages 313-333, August.
    16. Philip Arestis, 1989. "On the Post Keynesian Challenge to Neoclassical Economics: A Complete Quantitative Macro-Model for the U.K. Economy," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 11(4), pages 611-629, July.
    17. Borooah, V K & Sharpe, D R, 1986. "Aggregate Consumption and the Distribution of Income in the United Kingdom: An Econometric Analysis," Economic Journal, Royal Economic Society, vol. 96(382), pages 449-466, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Heise, Arne, 2018. "Reconciling Facts with Fiction, or: A Theoretical Speculation of why the Minimum Wage has no Discernible Effect on Employment," MPRA Paper 92483, University Library of Munich, Germany.
    2. Marc Lavoie & Gabriel Rodriguez & Mario Seccareccia, 2004. "Similitudes and Discrepancies in Post-Keynesian and Marxist Theories of Investment: A Theoretical and Empirical Investigation," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 127-149.
    3. Hassan Bougrine & Mario Seccareccia, 1999. "Unemployment Insurance and Unemployment: An analysis of the aggregate demand-side effects for postwar Canada," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(1), pages 5-21.
    4. Olivier Allain, 2006. "La modération salariale : le point de vue des (néo-)kaleckiens," Post-Print halshs-00196500, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sara Lemos, 2004. "A Menu of Minimum Wage Variables for Evaluating Wages and Employment Effects: Evidence from Brazil," Discussion Papers in Economics 04/3, Division of Economics, School of Business, University of Leicester.
    2. Dessing, Maryke, 2004. "Implications for minimum-wage policies of an S-shaped labor-supply curve," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 543-568, April.
    3. Gindling, T. H. & Terrell, Katherine, 1995. "The nature of minimum wages and their effectiveness as a wage floor in Costa Rica, 1976-1991," World Development, Elsevier, vol. 23(8), pages 1439-1458, August.
    4. Vijay K. Seth, 2017. "Economics of Minimum Wage Legislations—Lessons for Emerging Market Economies," Emerging Economy Studies, International Management Institute, vol. 3(1), pages 19-33, May.
    5. repec:eee:labchp:v:3:y:1999:i:pb:p:2101-2163 is not listed on IDEAS
    6. Rigobon, Roberto & Lang, Kevin, 2004. "Comments," LSE Research Online Documents on Economics 123348, London School of Economics and Political Science, LSE Library.
    7. Richard Sutch, 2010. "The Unexpected Long-Run Impact of the Minimum Wage: An Educational Cascade," Working Papers 201001, University of California at Riverside, Department of Economics, revised Jan 2010.
    8. Carter, Thomas J., 1998. "Minimum wage laws: what does an employment increase imply about output and welfare?," Journal of Economic Behavior & Organization, Elsevier, vol. 36(4), pages 473-485, September.
    9. Richard Sutch, 2010. "The Unexpected Long-Run Impact of the Minimum Wage: An Educational Cascade," NBER Working Papers 16355, National Bureau of Economic Research, Inc.
    10. Christian Ragacs, 2002. "Warum Mindestlöhne die Beschäftigung nicht reduzieren müssen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 28(1), pages 59-84.
    11. R. V. Burkhauser & K. A. Couch & A. J. Glenn, "undated". "Public policies for the working poor: The earned income tax credit versus minimum wage legislation," Institute for Research on Poverty Discussion Papers 1074-95, University of Wisconsin Institute for Research on Poverty.
    12. David Neumark & William Wascher, 1995. "The Effects of Minimum Wages on Teenage Employment and Enrollment: Evidence from Matched CPS Surveys," NBER Working Papers 5092, National Bureau of Economic Research, Inc.
    13. Stephen Bazen, 1990. "On the Employment Effects of Introducing a National Minimum Wage in the UK," British Journal of Industrial Relations, London School of Economics, vol. 28(2), pages 215-226, July.
    14. Gautié, Jérôme, 2015. "D'un siècle à l'autre, salaire minimum, science économique et débat public aux États-Unis, en France et au Royaume-Uni (1890-2015)," CEPREMAP Working Papers (Docweb) 1518, CEPREMAP.
    15. Mark B. Stewart, 2004. "The Impact of the Introduction of the U.K. Minimum Wage on the Employment Probabilities of Low-Wage Workers," Journal of the European Economic Association, MIT Press, vol. 2(1), pages 67-97, March.
    16. Omar Al-Ubaydli & John A. List, 2019. "How natural field experiments have enhanced our understanding of unemployment," Nature Human Behaviour, Nature, vol. 3(1), pages 33-39, January.
    17. Luis Eduardo Arango & Paula Herrera & Carlos Esteban Posada, 2008. "El salario mínimo: aspectos generales sobre los casos de Colombia y otros países," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 26(56), pages 204-263, June.
    18. Dinkelman, Taryn & Ranchhod, Vimal, 2012. "Evidence on the impact of minimum wage laws in an informal sector: Domestic workers in South Africa," Journal of Development Economics, Elsevier, vol. 99(1), pages 27-45.
    19. Lemos Sara, 2005. "Political Variables as Instruments for the Minimum Wage," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-31, December.
    20. Alan Manning, 2021. "The Elusive Employment Effect of the Minimum Wage," Journal of Economic Perspectives, American Economic Association, vol. 35(1), pages 3-26, Winter.
    21. David Neumark, 2004. "Living Wages: Protection for or Protection from Low-Wage Workers?," ILR Review, Cornell University, ILR School, vol. 58(1), pages 27-51, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:67:y:1991:i:2:p:166-191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Dostie (email available below). General contact details of provider: https://edirc.repec.org/data/scseeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.