Arbeitspapier
The minimum wage and hours per worker
In a competitive model we ease the assumption that efficiency units of labour are the product of hours and workers. We show that a minimum wage may either increase or decrease hours per worker and the change will have the opposite sign to the slope of the equilibrium hours hourly wage locus. Similarly, total hours worked may rise or fall. We illustrate the results throughout with a Cobb-Douglas example.
- Sprache
-
Englisch
- Erschienen in
-
Series: UCD Centre for Economic Research Working Paper Series ; No. WP10/28
- Klassifikation
-
Wirtschaft
Time Allocation and Labor Supply
Wages, Compensation, and Labor Costs: Public Policy
- Thema
-
Minimum wages
Hours
Employment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strobl, Eric
Walsh, Frank
- Ereignis
-
Veröffentlichung
- (wer)
-
University College Dublin, UCD School of Economics
- (wo)
-
Dublin
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Strobl, Eric
- Walsh, Frank
- University College Dublin, UCD School of Economics
Entstanden
- 2010
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