Arbeitspapier
Minimum Wages, Capital Accumulation and Worker's Incomes
Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability among workers.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4821
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Incomes Policy; Price Policy
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Labor Demand
- Thema
-
minimum wage
capital accumulation
heterogeneity
unemployment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Economides, George
Moutos, Thomas
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Economides, George
- Moutos, Thomas
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2014
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