minimum wage can raise employment. -- Unemployment ; efficiency wage ; minimum wage law ; racial differences ; South Africa … in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income …

in developing countries have multiple equilibria—the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

market wage can cause the market wage to fall and unemployment to rise. Unemployment benefits, by countering some of the … risks of unemployment, can neutralize the inefficiencies caused by households'tendency to oversupply labor. …

instance, cause some adults to be unemployed, and send their children to work, which in turn displaces more adult labor, and …