Special Issue: Issues in Asia. Guest Editor: Laixun Zhao

Using a general equilibrium model, this paper examines the employment and welfare effects of minimum wages coupled with capital taxes in a small open economy. The individual and joint optimal policies for a minimum wage and capital taxes are derived and explained. Specifically, policy reform to introduce a minimum wage while lowering the capital tax can be justified for some economies, notably, Hong Kong.

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Year of publication:	2014
Authors:	Chao, Chi-Chur ; Yu, Eden Siu Hung
Published in:	Review of Development Economics. - Wiley Blackwell. - Vol. 18.2014, 2, p. 195-202
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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