Arbeitspapier
Reconciling facts with fiction: Minimum wages in a post-Keynesian perspective
There has long been a discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market economics, it has been suggested that the impact is clearly negative on the assumption of a competitive labour market and clearly positive on the assumption of a monopsonistic labour market. Unfortunately, both predictions conflict with the empirical findings, which do not show a clear-cut impact of significant size in any direction.
- Language
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Englisch
- Bibliographic citation
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Series: ZÖSS Discussion Paper ; No. 64
- Classification
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Wirtschaft
Current Heterodox Approaches: General
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomics: Production
Wage Level and Structure; Wage Differentials
- Subject
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Post-Keynesianism
minimum wage
aggregate demand
aggregate supply
- Event
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Geistige Schöpfung
- (who)
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Heise, Arne
- Event
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Veröffentlichung
- (who)
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Universität Hamburg, Zentrum für Ökonomische und Soziologische Studien (ZÖSS)
- (where)
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Hamburg
- (when)
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2017
- 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
- Heise, Arne
- Universität Hamburg, Zentrum für Ökonomische und Soziologische Studien (ZÖSS)
Time of origin
- 2017
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