Machin, Stephen; Manning, Alan; Dickens, Richard - National Bureau of Economic Research (NBER) - 1994
minimum wages depress employment, is not supported by the empirical findings in some labour markets. In this paper we present … employment, but which also allows for the possibility of a neutral or a positive effect. The model structure is based on labour … economic wisdom but in line with several recent studies, do not have a negative impact on employment. If anything, the …