A Comment on "Labor Markets, Unemployment, and Minimum Wages: A New View."
Palley (1995) recently built a job-hour model to provide us with a new view regarding the reason for unemployment and the positive employment effect of a minimum wage hike. This paper points out some difficulties with his explanation of his paper's findings and tries to provide an alternative explanation.
Volume (Year): 27 (2001)
Issue (Month): 1 (Winter)
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