Minimum wages, capital accumulation and worker's incomes

George Economides; Thomas Moutos

Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability among workers.

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Year of publication:	2014
Authors:	Oikonomidēs, Geōrgios ; Moutos, Thomas
Publisher:	München : CESifo
Subject:	minimum wage \| capital accumulation \| heterogeneity \| unemployment \| Mindestlohn \| Minimum wage \| Investition \| Investment \| Theorie \| Theory \| Arbeitslosigkeit \| Unemployment

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Extent:	Online-Ressource (12 S.)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 4821
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/102106 [Handle]
Classification:	E21 - Consumption; Saving ; E24 - Employment; Unemployment; Wages ; E64 - Incomes Policy; Price Policy ; H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010358969