Introduction -- Democratic theory -- Evolution of wage policy -- Post New Deal Era and the demise of wage policy -- New living wage movement -- Wage policy for the middle class -- Wage policy and the path towards democracy

We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...

We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...

1. Introduction and Overview -- 2. Evolution and Effects Assessment of China’s Minimum Wage Policy -- 3. Minimum Wages in China: Standard and Implication -- 4. Minimum Wages and Employment in China -- 5. Impacts of Minimum Wages on Gender Wage Gaps in Urban China -- 6. The Impact of Minimum...