Minimum Wages in an Equilibrium Search Model with Diminishing Returns to Labor in Production
Author
Abstract
Suggested Citation
DOI: 10.1086/209814
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Albrecht, James W & Axell, Bo, 1984.
"An Equilibrium Model of Search Unemployment,"
Journal of Political Economy, University of Chicago Press, vol. 92(5), pages 824-840, October.
- Albrecht, James W & Axell, Bo, 1983. "An Equilibrium Model of Search Unemployment," Working Paper Series 99, Research Institute of Industrial Economics.
- Albrecht, James & Axell, Bo, 1983. "An Equilibrium Model of Search Unemployment," Working Papers 83-10, C.V. Starr Center for Applied Economics, New York University.
- Lawrence F. Katz & Alan B. Krueger, 1992.
"The Effect of the Minimum Wage on the Fast-Food Industry,"
ILR Review, Cornell University, ILR School, vol. 46(1), pages 6-21, October.
- Lawrence F. Katz & Alan B. Krueger, 1992. "The Effect of the Minimum Wage on the Fast Food Industry," Working Papers 678, Princeton University, Department of Economics, Industrial Relations Section..
- Lawrence F. Katz & Alan B. Krueger, 1992. "The Effect of the Minimum Wage on the Fast Food Industry," NBER Working Papers 3997, National Bureau of Economic Research, Inc.
- Katz, L.F. & Krueger, A.B., 1992. "The Effect of the Minimum Wage on the Fast Food Industry," Harvard Institute of Economic Research Working Papers 1584, Harvard - Institute of Economic Research.
- Lawrence Katz & Alan Krueger, 1992. "The Effect of the Minimum Wage on the Fast Food Industry," Working Papers 678, Princeton University, Department of Economics, Industrial Relations Section..
- Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
- Charles Brown & Curtis Gilroy & Andrew Kohen, 1982. "The Effect of the Minimum Wage on Employment and Unemployment: A Survey," NBER Working Papers 0846, National Bureau of Economic Research, Inc.
- 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.
- Lloyd G. Reynolds, 1965. "Wages, Productivity and Industrialization," International Economic Association Series, in: E. A. G. Robinson (ed.), Problems in Economic Development, chapter 0, pages 311-319, Palgrave Macmillan.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Carol Ann Rogers & Kenneth A. Swinnerton, 2008.
"A theory of exploitative child labor,"
Oxford Economic Papers, Oxford University Press, vol. 60(1), pages 20-41, January.
- Carol Rogers & Kenneth A. Swinnerton, 2002. "A Theory of Exploitative Child Labor," Working Papers gueconwpa~02-02-03, Georgetown University, Department of Economics.
- Rogers Carol Ann & Swinnerton Kenneth A, 2005. "A Theory of Exploitative Child Labor," Labor and Demography 0510006, University Library of Munich, Germany.
- Carol Ann Rogers & Kenneth A. Swinnerton, 2003. "A Theory of Exploitative Child Labor," Development and Comp Systems 0306005, University Library of Munich, Germany.
- repec:ehu:dfaeii:6749 is not listed on IDEAS
- Boadway, Robin & Cuff, Katherine, 2001.
"A minimum wage can be welfare-improving and employment-enhancing,"
European Economic Review, Elsevier, vol. 45(3), pages 553-576, March.
- Robin Boadway & Katherine Cuff, 1999. "A Minimum Wage Can Be Welfare-improving And Employment-enhancing," Working Paper 980, Economics Department, Queen's University.
- Robin Boadway & Katherine Cuff, 1999. "A Minimum Wage Can Be Welfare-Improving and Employment-Enhancing," Cahiers de recherche CREFE / CREFE Working Papers 72, CREFE, Université du Québec à Montréal.
- Panagiotis Nanos, 2023.
"Minimum wage spillover effects and social welfare in a model of stochastic job matching,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(4), pages 753-802, August.
- Panagiotis Nanos, 2023. "Minimum Wage Spillover Effects and Social Welfare in a Model of Stochastic Job Matching," Working Papers 2023004, The University of Sheffield, Department of Economics.
- Katerina Sherstyuka & Dolgorsuren Dorjb & Gerard Russo, 2014. "Health Insurance and the Labor Market with Wage Rigidities: Insights from a Laboratory Experiment," Working Papers 201427, University of Hawaii at Manoa, Department of Economics.
- 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.
- 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 Republica de Colombia, vol. 26(56), pages 204-263, June.
- Luis Eduardo Arango & Paula Herrera & Carlos Esteban Posada, 2007. "El salario mínimo: aspectos generales sobre los casos de Colombia y otros paises," Borradores de Economia 2544, Banco de la Republica.
- Paula Herrera & Luie Eduardo Arango & Carlos Estéban Posada, 2007. "El salario mínimo aspectos generales sobre los casos de Colombia y otros paises," Documentos de Economía 3944, Universidad Javeriana - Bogotá.
- Luis Eduardo Arango & Paula Herrera & Carlos Esteban Posada, 2007. "El salario mínimo: aspectos generales sobre los casos de Colombia y otros países," Borradores de Economia 436, Banco de la Republica de Colombia.
- Lavecchia, Adam M., 2020.
"Minimum wage policy with optimal taxes and unemployment,"
Journal of Public Economics, Elsevier, vol. 190(C).
- Adam M. Lavecchia, 2018. "Minimum Wage Policy with Optimal Taxes and Unemployment," Working Papers 1801E, University of Ottawa, Department of Economics.
- Adam M. Lavecchia, 2019. "Minimum Wage Policy with Optimal Taxes and Unemployment," Department of Economics Working Papers 2019-03, McMaster University.
- Pau S. Pujolas & Zachary L. Mahone, 2017. "Optimal Design and Quantitative Evaluation of the Minimum Wage," Department of Economics Working Papers 2017-15, McMaster University.
- Agell, Jonas & Lommerud, Kjell Erik, 1997. "Minimum wages and the incentives for skill formation," Journal of Public Economics, Elsevier, vol. 64(1), pages 25-40, April.
- Flinn, Christopher, 2003. "Minimum Wage Effects on Labor Market Outcomes under Search with Bargaining," IZA Discussion Papers 949, Institute of Labor Economics (IZA).
- Lee, David & Saez, Emmanuel, 2012.
"Optimal minimum wage policy in competitive labor markets,"
Journal of Public Economics, Elsevier, vol. 96(9-10), pages 739-749.
- David Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," Working Papers 1099, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Lee, David & Saez, Emannuel, 2010. "Optimal Minimum Wage Policy in Competitive Labor Markets," Department of Economics, Working Paper Series qt07w2z7t6, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Lee, David & Saez, Emannuel, 2010. "Optimal Minimum Wage Policy in Competitive Labor Markets," Institute for Research on Labor and Employment, Working Paper Series qt07w2z7t6, Institute of Industrial Relations, UC Berkeley.
- David S. Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," Working Papers 1105, Princeton University, Department of Economics, Industrial Relations Section..
- David Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," NBER Working Papers 14320, National Bureau of Economic Research, Inc.
- Gerard J. van den Berg, 2003.
"Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(4), pages 1337-1357, November.
- Berg, Gerard J. van den, 1999. "Multiple equilibria and minimum wages in labor markets with informational frictions and heterogeneous production technologies," Serie Research Memoranda 0044, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Van den Berg, Gerard, 2003. "Multiple Equilibria and Minimum Wages in Labour Markets with Informational Frictions and Heterogenous Production Technologies," CEPR Discussion Papers 3977, C.E.P.R. Discussion Papers.
- van den Berg, Gerard J., 2003. "Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies," IZA Discussion Papers 806, Institute of Labor Economics (IZA).
- Gerard J. van den Berg, 1999. "Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies," Tinbergen Institute Discussion Papers 99-085/3, Tinbergen Institute.
- Marcus Dittrich, 2010. "Minimum Wages and Unemployment Benefits in a Unionized Economy: A Game-Theoretic Approach," Annals of Economics and Finance, Society for AEF, vol. 11(2), pages 209-229, November.
- Arantza Gorostiaga & Juan F. Rubio-Ramirez, 2004. "Optimal minimum wage in a competitive economy," FRB Atlanta Working Paper 2004-30, Federal Reserve Bank of Atlanta.
- Gavrel, Frédéric & Lebon, Isabelle & Rebière, Thérèse, 2010.
"Wages, selectivity, and vacancies: Evaluating the short-term and long-term impact of the minimum wage on unemployment,"
Economic Modelling, Elsevier, vol. 27(5), pages 1274-1281, September.
- Frédéric Gavrel & Isabelle Lebon & Thérèse Rebière, 2010. "Wages, selectivity, and vacancies: Evaluating the short-term and long-term impact of the minimum wage on unemployment," Post-Print halshs-00545216, HAL.
- repec:pri:cepsud:178lee is not listed on IDEAS
- Gorostiaga, Arantza & Rubio-Ramirez, Juan F., 2007. "Optimal minimum wage in a competitive economy: An alternative modelling approach," Economic Modelling, Elsevier, vol. 24(5), pages 778-796, September.
- Shrimoyee Ganguly & Rajat Acharyya, 2021. "Trade liberalization, export quality, and three dimensions of wage inequality," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2157-2179, November.
- David S. Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," Working Papers 1105, Princeton University, Department of Economics, Industrial Relations Section..
- Lee, David & Saez, Emmanuel, 2012.
"Optimal minimum wage policy in competitive labor markets,"
Journal of Public Economics, Elsevier, vol. 96(9-10), pages 739-749.
- David S. Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," Working Papers 1105, Princeton University, Department of Economics, Industrial Relations Section..
- Lee, David & Saez, Emannuel, 2010. "Optimal Minimum Wage Policy in Competitive Labor Markets," Institute for Research on Labor and Employment, Working Paper Series qt07w2z7t6, Institute of Industrial Relations, UC Berkeley.
- David Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," Working Papers 1099, Princeton University, Department of Economics, Center for Economic Policy Studies..
- David Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," NBER Working Papers 14320, National Bureau of Economic Research, Inc.
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.- John Douglas Skåtun & Ioannis Theodossiou, 2003. "Contracts, the Spot Market Wage and Unemployment Benefits," Metroeconomica, Wiley Blackwell, vol. 54(4), pages 474-498, November.
- Dickens, Richard & Machin, Stephen & Manning, Alan, 1998.
"Estimating the effect of minimum wages on employment from the distribution of wages: A critical view,"
Labour Economics, Elsevier, vol. 5(2), pages 109-134, June.
- Dickens, Richard & Machin, Stephen & Manning, Alan, 1994. "Estimating the effect of minimum wages on employment from the distribution of wages: a critical view," LSE Research Online Documents on Economics 51648, London School of Economics and Political Science, LSE Library.
- Richard Dickens & Stephen Machin & Alan Manning, 1994. "Estimating the Effect of Minimum Wages on Employment from the Distribution of Wages: A Critical View," CEP Discussion Papers dp0203, Centre for Economic Performance, LSE.
- Machin, Stephen & Manning, Alan & Rahman, Lupin, 2002.
"Where the minimum wage bites hard: the introduction of the UK national minimum wage to a low wage sector,"
LSE Research Online Documents on Economics
20070, London School of Economics and Political Science, LSE Library.
- Machin, Stephen & Alan Manning & Lupin Rahman, 2003. "Where Minimum Wage Bites Hard: The Introduction of the UK National Minimum Wage to a Low Wage Sector," Royal Economic Society Annual Conference 2003 145, Royal Economic Society.
- Stephen Machin & Alan Manning & Lupin Rahman, 2002. "Where the Minimum Wage Bites Hard: the Introduction of the UK National Minimum Wage to a Low Wage Sector," CEP Discussion Papers dp0544, Centre for Economic Performance, LSE.
- Machin, Stephen & Manning, Alan & Rahman, Lupin, 2003. "Where the minimum wage bites hard: the introduction of the UK national minimum wage to a low wage sector," LSE Research Online Documents on Economics 2452, London School of Economics and Political Science, LSE Library.
- Zsófia L. Bárány, 2016.
"The Minimum Wage and Inequality: The Effects of Education and Technology,"
Journal of Labor Economics, University of Chicago Press, vol. 34(1), pages 237-274.
- Zsofia Barany, 2011. "The minimum wage and inequality - the effects of education and technology," Working Papers hal-01069474, HAL.
- Zsofia Barany, 2011. "The minimum wage and inequality - the effects of education and technology," SciencePo Working papers Main hal-01069474, HAL.
- Zsofia Barany, 2016. "The Minimum Wage and Inequality: The Effects of Education and Technology," Post-Print hal-03594158, HAL.
- Zsofia Barany, 2016. "The Minimum Wage and Inequality: The Effects of Education and Technology," SciencePo Working papers Main hal-03594158, HAL.
- Zsófia L. Bárány, 2011. "The Minimum Wage and Inequality - The Effects of Education and Technology," CEP Discussion Papers dp1076, Centre for Economic Performance, LSE.
- 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.
- 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 Republica de Colombia, vol. 26(56), pages 204-263, June.
- Luis Eduardo Arango & Paula Herrera & Carlos Esteban Posada, 2007. "El salario mínimo: aspectos generales sobre los casos de Colombia y otros paises," Borradores de Economia 2544, Banco de la Republica.
- Luis Eduardo Arango & Paula Herrera & Carlos Esteban Posada, 2007. "El salario mínimo: aspectos generales sobre los casos de Colombia y otros países," Borradores de Economia 436, Banco de la Republica de Colombia.
- Paula Herrera & Luie Eduardo Arango & Carlos Estéban Posada, 2007. "El salario mínimo aspectos generales sobre los casos de Colombia y otros paises," Documentos de Economía 3944, Universidad Javeriana - Bogotá.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2101-2163 is not listed on IDEAS
- Maite Blázquez Cuesta & Raquel Llorente Heras & Julián Moral Carcedo, 2011. "Minimum Wage And Youth Employment Rates, 2000-2008," Revista de Economia Aplicada, Universidad de Zaragoza, Departamento de Estructura Economica y Economia Publica, vol. 19(2), pages 35-57, Autumn.
- Petri Böckerman & Roope Uusitalo, 2009.
"Minimum Wages and Youth Employment: Evidence from the Finnish Retail Trade Sector,"
British Journal of Industrial Relations, London School of Economics, vol. 47(2), pages 388-405, June.
- Petri Böckerman & Roope Uusitalo, 2007. "Minimum wages and youth employment: Evidence from the Finnish retail trade sector," Working Papers 238, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
- Böckerman, Petri & Uusitalo, Roope, 2007. "Minimum wages and youth employment: Evidence from the Finnish retail trade sector," MPRA Paper 6113, University Library of Munich, Germany.
- Young Cheol Jung & Adian McFarlane & Anupam Das, 2021. "The effect of minimum wages on consumption in Canada," The Economic and Labour Relations Review, , vol. 32(1), pages 65-89, March.
- Bamikole, Oluwafemi, 2013. "The Impact of Minimum Wage on Average Earnings in the Caribbean using Two-Selected Countries, Trinidad and Tobago and Jamaica (1980-2011 and 1997-2011)," MPRA Paper 57363, University Library of Munich, Germany.
- David Neumark & Peter Shirley, 2022.
"Myth or measurement: What does the new minimum wage research say about minimum wages and job loss in the United States?,"
Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 61(4), pages 384-417, October.
- David Neumark & Peter Shirley, 2021. "Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States?," NBER Working Papers 28388, National Bureau of Economic Research, Inc.
- Arindrajit Dube & Attila Lindner, 2024.
"Minimum Wages in the 21st Century,"
RF Berlin - CReAM Discussion Paper Series
2425, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
- Arindrajit Dube & Attila S. Lindner, 2024. "Minimum Wages in the 21st Century," NBER Working Papers 32878, National Bureau of Economic Research, Inc.
- David Neumark & William Wascher, 1993.
"Employment Effects of Minimum and Subminimum Wages: Reply to Card, Katz and Krueger,"
NBER Working Papers
4570, National Bureau of Economic Research, Inc.
- David Neumark & William L. Wascher, 1993. "Employment effects of minimum and subminimum wages: reply to Card, Katz, and Krueger," Working Paper Series / Economic Activity Section 144, Board of Governors of the Federal Reserve System (U.S.).
- Juan A. Correa & Francisco Parro, 2020. "On the heterogeneous short‐term effects of minimum wages on labor demand," International Journal of Economic Theory, The International Society for Economic Theory, vol. 16(2), pages 184-195, June.
- Gilbert Cette & Philippe Cuneo & Didier Eyssartier & Jérôme Gautié, 1996. "Coût du travail et emploi des jeunes," Revue de l'OFCE, Programme National Persée, vol. 56(1), pages 45-72.
- Richard V. Burkhauser & Kenneth A. Couch & David C. Wittenburg, 2000. "Who Minimum Wage Increases Bite: An Analysis Using Monthly Data from the SIPP and the CPS," Southern Economic Journal, John Wiley & Sons, vol. 67(1), pages 16-40, July.
- Micheli, Martin, 2016.
"Minimum wage: Redistributive or discriminatory policy?,"
VfS Annual Conference 2016 (Augsburg): Demographic Change
145830, Verein für Socialpolitik / German Economic Association.
- Micheli, Martin, 2017. "Minimum wage: Redistributive or discriminatory policy?," Ruhr Economic Papers 706, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Holmlund, Bertil, 2014.
"What do labor market institutions do?,"
Labour Economics, Elsevier, vol. 30(C), pages 62-69.
- Holmlund, Bertil, 2013. "What do labor market institutions do?," Working Paper Series 2013:23, Uppsala University, Department of Economics.
- Bertil Holmlund, 2014. "What Do Labor Market Institutions Do?," CESifo Working Paper Series 4582, CESifo.
- Holmlund, Bertil, 2013. "What do labor market institutions do?," Working Paper Series, Center for Labor Studies 2013:14, Uppsala University, Department of Economics.
- Holmlund, Bertil, 2013. "What Do Labor Market Institutions Do?," IZA Discussion Papers 7809, Institute of Labor Economics (IZA).
- Marlies Piek & Dieter von Fintel, 2020.
"Sectoral minimum wages in South Africa: Disemployment by firm size and trade exposure,"
Development Southern Africa, Taylor & Francis Journals, vol. 37(3), pages 462-482, May.
- Marlies Piek & Dieter von Fintel, 2018. "Sectoral minimum wages in South Africa: disemployment by firm size and trade exposure," Working Papers 19/2018, Stellenbosch University, Department of Economics.
- Carlos Oliveira, 2022. "How is the Minimum Wage Shaping the Wage Disitribution: Bite, Spillovers, and Wage Inequality," GEE Papers 0160, Gabinete de Estratégia e Estudos, Ministério da Economia, revised May 2022.
- Daniel Aaronson & Eric French, 2007.
"Product Market Evidence on the Employment Effects of the Minimum Wage,"
Journal of Labor Economics, University of Chicago Press, vol. 25(1), pages 167-200.
- Daniel Aaronson & Eric French, 2003. "Product market evidence on the employment effects of the minimum wage," Working Paper Series WP-03-17, Federal Reserve Bank of Chicago.
- Eric French & Dan Aaronson, 2004. "Product Market Evidence on the Employment Effects of the Minimum Wage," Econometric Society 2004 North American Summer Meetings 549, Econometric Society.
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:ucp:jlabec:v:14:y:1996:i:2:p:340-55. 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: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JOLE .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.