Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014
, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …, since their job-offer disincentives are countervailed by their job-acceptance incentives. …