haku: @indexterm UTILITY FUNCTIONS / yhteensä: 27
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| Tekijä: | Fraja, G. de |
| Otsikko: | Minimum wage legislation, productivity and employment |
| Lehti: | Economica
1999 : NOV, VOL. 66:264, p. 473-488 |
| Asiasana: | Pay Employment Social policy Legislation Utility functions Economic theory |
| Kieli: | eng |
| Tiivistelmä: | The effects of minimum wage legislation are analyzed with the assumptions that firms are able to alter the working conditions of their employees, and that workers have different preferences about the characteristics of their job. The main findings tally with Card and Krueger's (1995) recent empirical evidence about the effects of changes in minimum wage. It is found that the effects of changes in the minimum wage on employment are limited, that there is a positive spill-over on high-wage workers, and that there is bunching of workers at the minimum wage. |
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