Braun, Helge; Döhrn, Roland; Krause, Michael; Micheli, … - In: Jahrbücher für Nationalökonomie und Statistik 240 (2020) 2-3, pp. 351-386
minimum wages affect outcomes in the long run. In this framework, the minimum wage has a strong negative effect on employment … assess its long-run economic effects. We first employ a simple neoclassic model where wages equal theirmarginal product, then …
