Asymmetric Information Renders Minimum Wages Less Harmful

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information

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Year of publication:	2009
Authors:	Schöb, Ronnie
Other Persons:	Thum, Marcel P. (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Asymmetrische Information \| Asymmetric information \| Mindestlohn \| Minimum wage \| Theorie \| Theory \| Arbeitslosigkeit \| Unemployment \| Wirkungsanalyse \| Impact assessment

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