Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062359 | Economics Letters | 2006 | 6 Pages |
Abstract
In a model with imperfect competition and multiple equilibria we show how an increase in the minimum wage can lead firms to reduce wages (and employment). We find some empirical support for this in the Card-Krueger minimum wage data.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ken Clark, Leo Kaas, Paul Madden,