The Minimum Wage Puzzle in Less Developed Countries : Reconciling Theory and Evidence

We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries

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Year of publication:	2020
Authors:	Adam, Christopher
Other Persons:	Buffie, Edward F. (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Entwicklungsländer \| Developing countries \| Mindestlohn \| Minimum wage \| Theorie \| Theory

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Extent:	1 Online-Ressource (78 p)
Series:	IMF Working Paper ; No. 20/23
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2020 erstellt
Other identifiers:	10.2139/ssrn.3545289 [DOI]
Classification:	E24 - Employment; Unemployment; Wages ; J08 - Labor Economics Policies ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; E01 - Measurement and Data on National Income and Product Accounts and Wealth ; E2 - Consumption, Saving, Production, Employment, and Investment ; J3 - Wages, Compensation, and Labor Costs ; D4 - Market Structure and Pricing ; C43 - Index Numbers and Aggregation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012840605