The Minimum Wage Puzzle in Less Developed Countries : Reconciling Theory and Evidence

We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries

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Year of publication:	2020
Authors:	Adam, Christopher S.
Other Persons:	Buffie, Edward F. (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Entwicklungsländer \| Developing countries \| Mindestlohn \| Minimum wage \| Theorie \| Theory \| Schätzung \| Estimation

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