Eckardt, Marcel Steffen - In: Journal of Public Economic Theory 24 (2021) 1, pp. 58-91
We explore the suitability of the minimum wage as a policy instrument for reducing emerging income inequality created … conducted by machines, low‐skill, and high‐skill workers. In this framework, an increasing minimum wage reduces the inequality … effects of cost‐savings. Finally, we highlight a potential trade‐off between less inequality of the factor prices and greater …