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.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 4821
- Classification
-
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
- Subject
-
minimum wage
capital accumulation
heterogeneity
unemployment
- Event
-
Geistige Schöpfung
- (who)
-
Economides, George
Moutos, Thomas
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Economides, George
- Moutos, Thomas
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2014
Other Objects (12)
Minimum wage and tolerance for high incomes
Minimum Wage and Tolerance for High Incomes
Minimum Wages and the Distribution of Family Incomes
The minimum wage and hours per worker
Do Minimum Wage Increases Influence Worker Health?
Do minimum wage increases influence worker health?
Can Minimum Wages Raise Workers' Incomes in the Long Run?
Minimum Wage Effects on Human Capital Accumulation: Evidence from Canadian Data
Disentangling the Minimum Wage Puzzle: An Analysis of Worker Accessions and Separations
Raising incomes by mandating higher wages
Mind the Gap: Net Incomes of Minimum Wage Workers in the EU and the US
Mind the gap: Net incomes of minimum wage workers in the EU and the US
Minimum wage and tolerance for high incomes
Minimum Wage and Tolerance for High Incomes
Minimum Wages and the Distribution of Family Incomes
The minimum wage and hours per worker
Do Minimum Wage Increases Influence Worker Health?
Do minimum wage increases influence worker health?
Can Minimum Wages Raise Workers' Incomes in the Long Run?
Minimum Wage Effects on Human Capital Accumulation: Evidence from Canadian Data
Disentangling the Minimum Wage Puzzle: An Analysis of Worker Accessions and Separations
Raising incomes by mandating higher wages
Mind the Gap: Net Incomes of Minimum Wage Workers in the EU and the US
Mind the gap: Net incomes of minimum wage workers in the EU and the US
Minimum wage and tolerance for high incomes
Minimum Wage and Tolerance for High Incomes
Minimum Wages and the Distribution of Family Incomes
The minimum wage and hours per worker
Do Minimum Wage Increases Influence Worker Health?
Do minimum wage increases influence worker health?
Can Minimum Wages Raise Workers' Incomes in the Long Run?
Minimum Wage Effects on Human Capital Accumulation: Evidence from Canadian Data
Disentangling the Minimum Wage Puzzle: An Analysis of Worker Accessions and Separations
Raising incomes by mandating higher wages
Mind the Gap: Net Incomes of Minimum Wage Workers in the EU and the US