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| Author: | Berg, G.J. van den |
| Title: | Multiple equilibria and minimum wages in labor markets with informational frictions and heterogenous production technologies |
| Journal: | International Economic Review
2003 : NOV, VOL. 44:4, p. 1337-1357 |
| Index terms: | Equilibrium theory Labour markets Minimum wage |
| Language: | eng |
| Abstract: | It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. A model with search frictions and heterogenous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage, is analyzed in this paper. |
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