The minimum wage and hours per worker

In a competitive model we ease the assumption that efficiency units of labour are the product of hours and workers. We show that a minimum wage may either increase or decrease hours per worker and the change will have the opposite sign to the slope of the equilibrium hours hourly wage locus. Similarly, total hours worked may rise or fall. We illustrate the results throughout with a Cobb-Douglas example.

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Year of publication:	2010
Authors:	Strobl, Eric ; Walsh, Frank
Publisher:	Dublin : University College Dublin, UCD School of Economics
Subject:	Minimum wages \| Hours \| Employment

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Series:	UCD Centre for Economic Research Working Paper Series ; WP10/28
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	741451662 [GVK] hdl:10419/71366 [Handle] hdl:10197/2661 [Handle] RePEc:ucn:wpaper:201028 [RePEc]
Classification:	J22 - Time Allocation and Labor Supply ; J38 - Public Policy
Source:	EconStor

Persistent link: https://www.econbiz.de/10010292875