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The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012841731
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012835193
machines will. Such results change drastically when we consider a model with unemployment and finance dictates real outcomes … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013479581
industry in terms of a simple general equilibrium model that can accommodate for unemployment and underemployment. Finite …
Persistent link: https://www.econbiz.de/10013455828
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012162484
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