Eckardt, Marcel Steffen - In: Journal of Public Economic Theory 24 (2021) 1, pp. 58-91
We explore the suitability of the minimum wage as a policy instrument for reducing emerging income inequality created … by new technologies. For this, we implement a binding minimum wage in a task‐based framework, in which tasks are … conducted by machines, low‐skill, and high‐skill workers. In this framework, an increasing minimum wage reduces the inequality …