The supply side of the labor market has too often been neglected in considering the effects of minimum wage legislation. Minimum wage effects on unemployment have been studied extensively, and the unemployment rate has been related in turn to the labor force participation rate. But the...

The job search theory, as developed since the early 1960s, is primarily a theory predicting the behaviour of unemployed job‐seekers responding to the costs of acquiring information about the wage possibilities available to them. However, implications can be derived for the influence on the...