the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the … competitive labour market with friction. -- minimum wage and employment ; minimum wage paradox ; friction and search in the labour …

bottom of earnings distribution, it may have the side-effect of worsening their employment prospects. A demand …-and-supply interpretation of data on the relative employment rate and earnings position of the least educated in the EU27 suggests that the …