In this paper we provide a simple diagrammatic technique of incorporating variable labor supply into the specific factors model. We then use the framework to analyze the positive and normative effects of a minimum wage both with a broadly based employment lottery (on-the-job search) and with an employment queue (the Harris-Todaro case). We discover that with a given minimum wage replacing the queue with a lottery may be welfare reducing. Copyright 1990 by The Economic Society of Australia.
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Article provided by The Economic Society of Australia in its journal The Economic Record.
Volume (Year): 66 (1990) Issue (Month): 194 (September) Pages: 186-94 Download reference. The following formats are available: HTML
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