The Optimal Minimum Wage for Poverty Minimization
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Author
Goto, Hideaki
Abstract
The effects of a minimum wage on employment and on poverty have been studied in the literature. This paper characterizes the poverty minimizing minimum wage, and shows how it depends on productivity, inequality and the degree of labor market competitiveness.
Description
WP 2008-21 November 2008
JEL Classification Codes: D6; I32; J38; J64
Date Issued
2008-11-01
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Keywords
Type
article