the median voter. Using the minimum wage scheme as the status quo, we show that the replacement of minimum wages by wage … subsidies guaranteeing the same (pre-tax) level of income (achieved by the government supplementing the wage income of workers … by a subsidy equal to the difference between the competitive wage rate and the minimum wage rate), is not likely to …

Casual empiricism suggests that unwarranted" wage changes, defined as the part of wage growth that is not explained by … that unwarranted" wage changes have no causal effect on capital return. To this end, we show that standard theoretical … OECD countries for the period 1970-2000 in which we account for the endogeneity of unwarranted" wage changes by exploiting …

We explain the public’s support for the minimum wage (MW) institution despite economists’ warnings that the MW is a …

minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to …

This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with …. With progressive taxation in place, the minimum wage may garner political support (i.e. a majority) even when the …

To many economists the public’s support for the minimum wage (MW) institution is puzzling, since the MW is considered a …

demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production … that it is not possible to increase the incomes of employed workers through minimum wage legislation, even under decreasing …