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Do Labor Market Rigidities Fulfill Distributive Objectives?: Searching for the Virtues of the European Model

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  • Gilles Saint-Paul

    (International Monetary Fund)

Abstract

The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor are inputs into the production function. It is argued that distributional goals are best achieved by letting the labor market clear itself and achieving redistribution through taxes and transfers. The results stand up to the imposition of the additional constraint of political viability, although skilled workers may be harmed by excessive equilibrium tax rates under the second system.

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.

Volume (Year): 41 (1994)
Issue (Month): 4 (December)
Pages: 624-642

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Handle: RePEc:pal:imfstp:v:41:y:1994:i:4:p:624-642

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Cited by:
  1. Kelly Bird & Chris Manning, 2005. "Minimum Wages and Poverty in a Developing Country: Simulations from Indonesia's Household Survey," Departmental Working Papers, The Australian National University, Arndt-Corden Department of Economics 2005-09, The Australian National University, Arndt-Corden Department of Economics.
  2. César Calderón & Rodrigo Valdés & Alberto E. Chong, 2004. "Labor Market Regulations and Income Inequality: Evidence for a Panel of Countries," IDB Publications 6683, Inter-American Development Bank.
  3. Gindling, T.H. & Terrell, Katherine, 2007. "The effects of multiple minimum wages throughout the labor market: The case of Costa Rica," Labour Economics, Elsevier, Elsevier, vol. 14(3), pages 485-511, June.
  4. Gindling, T.H. & Terrell, Katherine, 2005. "The effect of minimum wages on actual wages in formal and informal sectors in Costa Rica," World Development, Elsevier, Elsevier, vol. 33(11), pages 1905-1921, November.
  5. Juan J. Dolado & Florentino Felgueroso & Juan F. Jimeno, . "The Role of the Minimum Wage in the Welfare State: An Appraisal," Working Papers 2000-12, FEDEA.
  6. H.P. Grãœner & C. Hefeker, 1995. "Domestic pressures and the exchange rate regime: why economically bad decisions are politically popular?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 48(194), pages 331-350.
  7. Clemens Fuest & Marcel Thum, 1999. "Immigration and Skill Formation in Unionised Labour Markets," CESifo Working Paper Series 214, CESifo Group Munich.
  8. Guerrazzi, Marco & Meccheri, Nicola, 2012. "From wage rigidity to labour market institution rigidity: A turning-point in explaining unemployment?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 41(2), pages 189-197.
  9. Gindling, T. H. & Terrell, Katherine, 2007. "Minimum Wages and the Welfare of Workers in Honduras," IZA Discussion Papers 2892, Institute for the Study of Labor (IZA).
  10. Gindling, T.H. & Terrell, Katherine, 2009. "Minimum wages, wages and employment in various sectors in Honduras," Labour Economics, Elsevier, Elsevier, vol. 16(3), pages 291-303, June.

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