Searching for the Virtues of the European Model

No 950, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The distributional effects of the minimum wage are analysed in a model where skilled and unskilled labour enter the production function. It is argued that distributional goals are best achieved by letting the labour market clear and achieving redistribution through taxes and transfers.

Keywords: Labour Market Flexibility; Minimum Wage; Unemployment (search for similar items in EconPapers)
JEL-codes: E24 E6 (search for similar items in EconPapers)
Date: 1994-05
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Citations: View citations in EconPapers (16)

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Working Paper: Searching for the Virtues of the European Model (1994)
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