Martensen, Finn - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2014
declining wage for low-ability workers. A government opposes both unemployment and wage inequality. I calibrate the model and …The U.S. minimum wage declined in real terms since the late 1970s. In the same time, the wage of the least skilled … show that technical progress induces the government to lower the minimum wage. Hence, the model contributes to understand …