Showing 1 - 3 of 3
This study explores the effects of minimum wage on automation and innovation in a Schumpeterian growth model. We find that raising the minimum wage decreases low-skilled workers' employment and has an ambiguous impact on innovation and automation. Specifically, suppose the substitution...
Persistent link: https://www.econbiz.de/10013223419
This study explores the effects of minimum wage on automation and innovation in a Schumpeterian growth model. We find that raising the minimum wage decreases low-skilled workers' employment and has an ambiguous impact on innovation and automation. Specifically, suppose the substitution...
Persistent link: https://www.econbiz.de/10013312756
Persistent link: https://www.econbiz.de/10014306701